Inox Green has funded Rs. 550 Crore for Wind World O&M acquisition
As filed · Inox Green Energy Services Limited has informed the Exchange about General Updates on the Resolution Plan for Wind World (India) Limited and investment in Vibhav Energy Private Limited, a wholly owned
What happened
FactVibhav Energy Private Limited, Inox Green Energy Services’ wholly owned subsidiary, executed a Business Transfer Agreement with Wind World (India) Limited for its O&M business and fully paid Rs. 550 Crore on 6th October, 2026. The business transfer remains subject to satisfaction of conditions precedent under the agreement.
Why it matters
CapitSignal interpretationOnce an insolvency process is admitted, control of the company passes from the board to a resolution professional and equity ranks last in any recovery.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Guidance
RevisedFor FY '27, we expect our consolidated revenue to grow by around 75% over FY '26 with EBITDA margin of 20%-22%.
Rest assured, it is 50% as the guidance we always maintain.
Change
FactImplication
CapitSignal interpretationCapex
RevisedThis year's target is also around INR 200 odd crores.
Around INR 150 odd crores have been expended.
Change
FactImplication
CapitSignal interpretationMargins
RevisedOur EBITDA grew from Rs. 97.3 crore in FY 2022-23 to Rs. 128.7 crore in FY 2023-24, reflecting improved margins and enhanced operational efficiency.
Additionally, our PAT for the year totalled Rs. 29.8 crore, underpinning our persistent emphasis on profitability.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Admission or rejection of the application by the tribunal
- Appointment of a resolution professional
- Claims admitted against the company
- Further, we are substantially upgrading our full year FY '26 EBITDA margin guidance to 20-22% versus 18%-19% e (management committed by FY26)
- For FY '26, we expect to achieve a consolidated revenue of over INR 5,000 crore, translating to over 35% Y-o-Y (management committed by FY26)
Evidence
- Inox Green Energy Services Limited has informed the Exchange about General Updates on the Resolution Plan for Wind World (India) Limited and investment in Vibhav Energy Private Limited, a wholly owned subsidiary(opens the original filing in a new tab)
- Earlier statement · Q1 FY27
- Latest statement · Q1 FY27
- Earlier statement · Q1 FY27
- Latest statement · Q1 FY27
- Earlier statement · FY24
- Latest statement · FY24
How CapitSignal classified this
- Reasoning:
- The payment funds the proposed acquisition of WWIL’s O&M business, expanding the scope of operations to be acquired under the approved resolution plan. Completion is not yet confirmed because the conditions precedent in the Business Transfer Agreement remain outstanding.
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 75%