Inox Green Completes Rs.550 Crore Payment for Wind World India’s 4.5 GW O&M Business
Inox Green Wind World India Acquisition Details
Inox Green Energy Services Limited has completed the payment for the transfer of Wind World India’s 4.5 GW Wind O&M business.
The payment of rupee 550 crore was executed through Inox Green’s subsidiary, Vibhav Energy Private Limited (VEPL).
Following completion of the transfer and implementation of the Resolution Plan, Inox Green will hold a 75% stake in VEPL.
The acquired O&M portfolio has achieved a turnover of approximately rupee 580 crore in FY26 and benefits from a contracted annual price escalation of approximately 5%.
Inox Green Portfolio Expansion
The acquisition adds approximately 4.5 GW of wind assets to Inox Green’s O&M portfolio.
With the transaction, Inox Green’s total O&M portfolio increases to approximately 13.3 GWp.
The acquired portfolio includes marquee customers such as Tata Group, ReNew, Greenko Group, Apraava Energy and Hindustan Zinc, further strengthening the company's presence across India's wind energy sector.
The transaction has been executed at a valuation multiple of approximately 2x EBITDA, based on expected earnings after synergy realization.
Inox Green Wind O&M Acquisition Highlights
| Particular | Details |
|---|---|
| Company | Inox Green Energy Services Limited |
| Acquired Business | Wind World India’s Wind O&M business |
| Portfolio Added | Approximately 4.5 GW |
| Total O&M Portfolio | Approximately 13.3 GWp |
| Transaction Payment | rupee 550 crore |
| Transaction Vehicle | Vibhav Energy Private Limited (VEPL) |
| Inox Green Stake in VEPL | 75% |
| FY26 Turnover of Acquired O&M Business | Approximately rupee 580 crore |
| Annual Price Escalation | Approximately 5% |
| Valuation Multiple | Approximately 2x EBITDA after expected synergy realization |
| Key Customers | Tata Group, ReNew and Greenko Group |
| Sector | Wind Energy / Renewable Energy / O&M |
What to Watch Next
- Investors may track subsequent regulatory filings from Inox Green Energy Services for updates on the integration of the acquired O&M portfolio and implementation of the Resolution Plan.
- Further disclosures could provide updates on operational synergies, portfolio growth, financial contribution from the acquired business and the company's overall O&M capacity.
- Investors can also monitor stock exchange filings for developments related to Inox Green’s renewable energy O&M portfolio and future acquisitions or capacity additions.
Disclaimer
Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Registration granted by SEBI, and certification from NISM in no way guarantee the performance of the intermediary or provide any assurance of returns to investors. Choice Equity Broking Private Limited: SEBI Reg No. Broking - INZ000160131 ( BSE - 3299 ) | ( NSE - 13773 ) | ( MSEI - 73200 ) | ( MCX - 40585 ) | ( NCDEX - 01006 ). Depository Participant SEBI Reg. No. - IN - DP - 84 - 2015, DP ID CDSL - 12066900, NSDL ID - IN301895. Research Analyst - INH000000222 (CIN. NO.: U65999MH2010PTC198714)
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