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INOXGFL Group, a prominent participant in India’s energy transition arena, revealed that the National Company Law Tribunal (NCLT), Chandigarh Bench, has sanctioned the scheme of arrangement between Inox Wind Energy Ltd. (IWEL) and Inox Wind Ltd. (IWL) as per its directive dated June 10, 2025. With this endorsement, IWEL will merge with IWL, signifying a crucial move towards consolidating the Group’s wind power endeavors.
The amalgamation is poised to bolster the fiscal standing of IWL by decreasing its debts by roughly Rs 2,050 crores, whilst unveiling operational synergies through economies of scale, enhanced resource allocation, and improved regulatory adherence. This consolidation streamlines the corporate and ownership frameworks, with INOXGFL promoters acquiring direct stakes in Inox Wind. Shareholders of IWEL are set to obtain 632 equity shares of IWL for every 10 equity shares they possess, anticipated to be credited within 1 to 1.5 months, pending regulatory consent. This initiative is expected to elevate overall stakeholder worth by promoting financial and operational efficiencies.
Mr. Devansh Jain, Executive Director, INOXGFL Group, remarked, “We appreciate the Hon’ble NCLT for validating the merger scheme of IWEL into IWL. This merger represents a significant milestone in the exhilarating journey of the INOXGFL Group, and concludes the past two years of dedication from our team towards this endeavor. It is also a landmark for our unified wind operations, during which we have successfully executed an impressive operational and financial recovery, laying a solid foundation for remarkable growth in the forthcoming years. We are confident that this merger is advantageous for all parties involved, including the minority shareholders of IWEL, as well as for IWL, as it results in a streamlined and sturdier financial position for the company.
As a Group at the vanguard of energy transition in India, we consistently reach new pinnacles each year. In alignment with the ambitious eco-friendly objectives of the Government of India, spearheaded by our Hon’ble PM Shri Narendra Modi ji himself, we persist in broadening our operations and presence across various segments in the clean energy sector, positioning ourselves strongly to seize the large-scale forthcoming opportunities in the next decade.”
