Inox Green Energy Services Wins WWIL O&M Business in IBC Resolution

Inox Green Energy Services Limited (IGESL) announced that the Committee of Creditors (CoC) of Wind World (India) Limited (WWIL) approved the consortium's resolution plan on February 19, 2026, under Section 30(4) of the Insolvency and Bankruptcy Code, 2016.

The consortium-led by Inox Neo Energies Limited (INEL) and Authum Investment & Infrastructure Limited-emerged as the Successful Resolution Applicant (SRA). A Letter of Intent (LoI) was issued and accepted the same day, per the Resolution Professional's Request for Resolution Plan.

WWIL Assets Overview

WWIL operates in manufacturing, Independent Power Producer (IPP) activities, and Operations & Maintenance (O&M) services:

IPP Capacity: ~600 MW across Karnataka, Maharashtra, Tamil Nadu, Rajasthan, Gujarat, Madhya Pradesh, and Andhra Pradesh.

O&M Portfolio: ~4.5 GW, serving clients like Tata Group, ReNew, Greenko, Apraava Energy, and Hindustan Zinc.

Resolution Plan Allocation

Under the approved plan:

INEL acquires WWIL's 600 MW operational IPP portfolio.

IGESL acquires and implements the O&M business.

The transactions await:

(a) NCLT Ahmedabad Bench approval of the resolution plan.
(b) Compliance with specified plan terms and conditions.

This development positions IGESL to significantly expand its renewable O&M capabilities, enhancing its service footprint in India's wind energy sector.

The Company will provide further updates as and when the resolution plan is approved by the Hon'ble NCLT in terms of the Listing Regulations.

Shares of Inox Green Energy Services Limited was last trading in BSE at Rs. 175.60 as compared to the previous close of Rs. 171.35. The total number of shares traded during the day was 38010 in over 1135 trades.

The stock hit an intraday high of Rs. 177.65 and intraday low of 169.95. The net turnover during the day was Rs. 6624830.00.

Source : Equity Bulls

Keywords

InoxGreenEnergyServices INE510W01014 Utilities WindWorldIndia ResolutionPlan