Inox Green Energy Services Limited has received the certified copy of the National Company Law Tribunal’s (NCLT) order approving the resolution plan for Wind World (India) Limited. This plan, submitted by a consortium including Inox Neo Energies Limited and Authum Investment & Infrastructure Limited, is for the acquisition of Wind World (India) Limited. The NCLT approval, received on 03rd August, 2026, follows the Committee of Creditors’ approval on 19th February, 2026.
NCLT Approves Resolution Plan for Wind World India
Inox Green Energy Services Limited has officially announced the receipt of a certified copy of the National Company Law Tribunal’s (NCLT) order dated 27th July, 2026. This order grants approval for the resolution plan submitted for Wind World (India) Limited, a company undergoing corporate insolvency resolution under the Insolvency and Bankruptcy Code, 2016.
Key Details of the Acquisition
The approved resolution plan was submitted by a consortium comprising Inox Neo Energies Limited (“INEL”) and Authum Investment & Infrastructure Limited. This consortium is set to acquire Wind World (India) Limited (“WWIL”). The NCLT approval order was officially received by Inox Green Energy Services Limited on 03rd August, 2026.
Committee of Creditors’ Approval
The Corporate Insolvency Resolution Process (CIRP) for WWIL was initiated through a petition filed under Section 7 of the Insolvency and Bankruptcy Code. The Committee of Creditors (CoC) of WWIL had previously approved the resolution plan on 19th February, 2026, with a substantial voting share of 96.47%.
Business Integration and Scope
As per the disclosure, Inox Green Energy Services Limited, either directly or through its subsidiary, has been identified as the implementation entity for acquiring the operation and maintenance (“O&M”) business of WWIL. This acquisition will be structured as a slump sale on a going concern basis or through another permissible structure approved by the Implementation and Monitoring Committee of WWIL.
Furthermore, INEL will acquire a controlling stake in WWIL, which houses the independent power producer (IPP) and power sale business. This includes an IPP portfolio of approximately 4.5 GW spread across various states in India, such as Karnataka, Maharashtra, Tamil Nadu, Rajasthan, Gujarat, Madhya Pradesh, and Andhra Pradesh.
Indicative Timeframe and Consideration
The transfer of the O&M business is anticipated to be completed within 60 days from the date of receipt of the certified copy of the NCLT approval order. The consideration involves a lump sum payment of up to Rs. 550 Crore, subject to agreed adjustments.
Financials of Acquired Business
The O&M business undertaking to be acquired is projected to have turnover figures as follows:
- 2023-24: ₹499.59 Crore
- 2024-25: ₹597.09 Crore
- 2025-26: ₹579.77 Crore
These figures represent turnover exclusively from the O&M business and are provisional and unaudited.
Source: BSE
