Inox Green Completes ₹550 Cr Wind O&M Business Transfer
Inox Green Energy Services Ltd, through its subsidiary Vibhav Energy Private Limited (VEPL), has completed the payment of ₹550 crore for the transfer of Wind World India Limited's (WWIL) 4.5 GW wind O&M business. This acquisition, approved by the NCLT, will be consolidated into VEPL, in which Inox Green will hold a 75% stake. WWIL's O&M portfolio generated approximately ₹580 crore in FY26 and serves marquee clients across key wind-rich states. The transaction is expected to significantly boost Inox Green's O&M portfolio, currently around 13.3 GWp, and contribute to its goal of exceeding 20 GW+ capacity. The deal's multiple is approximately 2x EBITDA, based on expected earnings after synergy realization.
Key Highlights
- Inox Green completes ₹550 crore payment for Wind World India's 4.5 GW O&M business.
- Acquired business generated ₹580 crore revenue in FY26 with annual price escalation.
- Inox Green's O&M portfolio expands to ~13.3 GWp post-acquisition.
- Transaction expected to drive revenue growth and margin improvement.
- Deal valued at approximately 2x EBITDA post-synergy realization.
Price Impact
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