Inox Wind Energy to Merge with Inox Wind Following NCLT Nod

INOXGFL Group, a leading Indian business group in the energy transition space, announced that the Hon’ble National Company Law Tribunal (NCLT), Chandigarh Bench, has approved the scheme of arrangement between Inox Wind Energy Ltd (IWEL) and Inox Wind Ltd (IWL). The NCLT's order, dated June 10, 2025, paves the way for the merger of IWEL into IWL.

Key Benefits of the Merger

• Enhanced Financial Strength: Post-merger, IWL will benefit from a more robust and consolidated balance sheet, with a significant reduction in liabilities by approximately ₹2,050 crore. This financial strengthening is expected to improve the company’s debt profile and operational flexibility.
• Synergies and Operational Efficiencies: The integration of IWEL and IWL will lead to cost optimization through economies of scale, elimination of overlapping functions, better utilisation of resources, and smoother regulatory compliance processes.
• Streamlined Business and Shareholding Structure: The merger simplifies the wind energy business under a single entity, removing the earlier holding company structure. INOXGFL Group promoters will now hold a direct stake in IWL, enhancing transparency and governance.
• Value Creation for Stakeholders: The consolidated business is expected to deliver better financial and operational performance, potentially creating greater value for shareholders and stakeholders in the long term.

Share Swap and Credit Timeline

Under the approved arrangement, shareholders of IWEL will receive 632 equity shares of IWL (₹10 face value each) for every 10 equity shares of IWEL. The shares are expected to be credited within 1 to 1.5 months, subject to regulatory processes and approvals.

On this landmark occasion, Mr. Devansh Jain, Executive Director, INOXGFL Group, stated, “We thank the Hon’ble NCLT for approving the scheme of merger of IWEL into IWL. The merger is a significant achievement in the exciting journey of the INOXGFL Group, and brings closure to the last two years of efforts which our team had invested in this process. It is also a milestone for our consolidated wind business, in which over the same period we have been able to deliver a remarkable operational and financial turnaround, and establish a strong base for exponential growth over the coming years.”

He further added, “We believe that this merger is beneficial for all stakeholders, including the minority shareholders of IWEL, as well as for IWL, since it results in a leaner and more robust balance sheet for the company. As a Group which is at the forefront of energy transition in India, we continue to achieve new highs every year.”

“In line with the ambitious green targets of the Government of India, led by our Hon’ble PM Shri Narendra Modi ji himself, we continue to expand our operations and footprints across multiple segments in the clean energy space, and are strongly placed to capitalise on the large-scale impending opportunities over the next decade,” stated the Executive Director.

Inox Wind & Inox Wind Energy Share Price Performance

On June 11, 2025, Inox Wind share price opened at ₹187.70, touching the day’s high at ₹188.89, as of 10:08 AM on the NSE. On the other hand, Inox Wind Energy share price (NSE: IWEL) opened at ₹11,435.00, touching the day’s high at ₹11,495.00, as of 10:09 AM on the NSE.

Also Read: Suzlon vs Inox Wind: Share Price Performance and Q4 FY25 Results Compared!

Conclusion

The merger marks a strategic milestone for the INOXGFL Group, reinforcing its commitment to simplifying operations and strengthening its presence in the renewable energy sector.

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