Merger of Inox Wind Energy Ltd. into Inox Wind Ltd. approved by NCLT; move expected to enhance financial strength, streamline operations, and boost stakeholder value in line with India’s clean energy goals.
In a major development for India’s clean energy sector, the Hon’ble National Company Law Tribunal (NCLT), Chandigarh Bench, has approved the scheme of arrangement for the merger of Inox Wind Energy Ltd. (IWEL) with Inox Wind Ltd. (IWL).
This strategic move, announced by INOXGFL Group is set to significantly enhance operational and financial strength across its wind energy vertical.
Effective from the NCLT’s order dated June 10, 2025, the merger aims to simplify the corporate structure, streamline regulatory compliances, and deliver greater value to stakeholders.
As part of the approved scheme, IWEL shareholders will receive 632 equity shares of IWL for every 10 equity shares of IWEL, with shares expected to be credited within 1 to 1.5 months, subject to final regulatory clearances.
Key highlights of the merger include:
- Improved Financial Strength: The combined entity will see a sharp reduction of approximately ₹2,050 crore in liabilities, leading to a more robust balance sheet.
- Operational Synergies: Merging operations will help optimize resources, reduce costs through economies of scale, and eliminate redundancies.
- Business Simplification: The merger removes the holding company structure, consolidating the wind energy business under a single umbrella.
- Simplified Shareholding: Promoters of INOXGFL Group will now hold a direct stake in Inox Wind, promoting greater transparency and alignment.
- Value Creation for Stakeholders: The combined synergies are expected to enhance shareholder value across both companies.
Devansh Jain, Executive Director of INOXGFL Group, lauded the NCLT approval, stating, “This merger marks the culmination of two years of dedicated effort and a remarkable turnaround in our wind business. It sets the stage for exponential growth, aligns with India’s ambitious green targets under the leadership of Hon’ble PM Narendra Modi ji, and positions us to capitalize on future clean energy opportunities.”
With this merger, INOXGFL Group strengthens its commitment to India’s energy transition and reaffirms its role as a key contributor to the nation’s sustainable development goals.