Inox Wind Sells Stake Worth Rs. 175 Crores in Inox Renewable Solutions at a Valuation of Rs. 7400 Crores

Inox Wind Limited (IWL), a leading wind energy solutions provider in India, has sold a stake worth approximately Rs. 175 crores in its EPC subsidiary, Inox Renewable Solutions Ltd. (IRSL), to investors at a valuation of approximately Rs. 7,400 crores post-merger. This move follows the recent 'no objection' received from the stock exchanges for the scheme of demerger of the substation business from Inox Green and its subsequent merger into IRSL. IWL is a fully integrated player in the wind energy market, manufacturing blades, tubular towers, hubs, and nacelles. Its subsidiary, Inox Green Energy Services Ltd., is the only listed pure-play renewable O&M services company in India, with a strong portfolio of over 5 GW. Through Inox Renewable Solutions, IWL provides EPC services for wind projects and develops common infrastructure for renewable projects. IWL offers end-to-end wind energy solutions from concept to commissioning to O&M, using advanced technology to maintain high quality, reliability, and cost competitiveness.