Inox Wind Energy & Inox Wind Merger Gets NCLT Nod

Uttar Pradesh-based INOXGFL Group has received approval from the National Company Law Tribunal (NCLT), Chandigarh bench, for the scheme of arrangement between Inox Wind Energy Ltd. (IWEL) and Inox Wind Ltd. (IWL). As per the NCLT order dated 10th June 2025, IWEL will be amalgamated into IWL.

Key benefits from the merger:  

Enhanced financial strength:  

A stronger and more financially robust merged balance sheet, resulting in a substantial reduction in IWL’s  liabilities, by ~ Rs 2,050 crores

Synergies and improved efficiencies:  

Combining the operations of both companies achieves cost savings through economies of scale, improved resource utilization, the elimination of redundant functions and operations, and streamlined regulatory compliance.

Streamlining of the business structure:  

Merger simplifies and streamlines the wind business vertical of the INOXGFL Group, with no holding  company structure

Simplification of the shareholding structure:  

INOXGFL Group promoters will now have a direct holding in Inox Wind

Effect On Stakeholder:  

The overall consolidation of businesses, financial, operational, and other synergies may result in  enhancing value for various stakeholders of the Companies

As a result of this merger, 632 equity shares of face value of Rs. 10 each of IWL will be allotted for every 10  equity shares of face value of Rs. 10 each of IWEL as on the Record Date (to be determined shortly). The shares are expected to be credited to shareholders of IWEL within a period of 1-1.5 months, subject to regulatory processes and clearances.

On this occasion, Devansh Jain, Executive Director, INOXGFL Group, said, “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 that our team has 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. 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.