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Inox Green Energy Solutions Limited (“Inox Green”), India’s leading listed renewable operations and maintenance (“O&M”) service provider and part of the INOXGFL Group, has on October 6, 2026 completed the payment for the transfer of the wind O&M business of Wind World India Limited (“WWIL”). The payment has been made through Inox Green’s subsidiary Vibhav Energy Private Limited (“VEPL”) pursuant to the Business Transfer Agreement (“BTA”) executed between VEPL and WWIL. This landmark transaction represents one of the most significant deals in India’s renewable O&M sector.

The O&M business of WWIL will be transferred to VEPL as a going concern, as per the terms of the BTA and the Resolution Plan approved by the Hon’ble National Company Law Tribunal (NCLT). Inox Green will own 75% stake in VEPL post completion of the transfer and the implementation of the Resolution Plan, enabling line-by-line consolidation of the transferred business’ financials. The total consideration for the transaction, inclusive of taxes, is ₹550 cгоге.

WWIL’s high-quality 4.5 GW portfolio services a marquee client base, including the Tata Group, ReNew, Greenko Group, Apraava Energy, and Hindustan Zinc. The assets span across key wind-rich states, including Karnataka, Maharashtra, Tamil Nadu, Rajasthan, Gujarat, Madhya Pradesh, and Andhra Pradesh. The portfolio generated revenue of approximately 580 crore in FY26 and benefits from contracted annual price escalation of approximately 5%.

Inox Green’s O&M portfolio currently stands at ~13.3 GWp (as of June 2026, inclusive of WWIL and a separate -2 GW wind O&M acquisition currently held as an investment). By leveraging operational efficiencies, advanced technology platforms, and group synergies, Inox Green is uniquely positioned to substantially boost the acquired portfolio’s revenues and operating margins.

Supported by the INOXGFL Group ecosystem-including planned large annual capacity additions at Inox Clean Energy and external projects executed by parent company Inox Wind-Inox Green is firmly on track to exceed 20 GW+ capacity in the near future.

Commenting on the acquisition, Mr. Devansh Jain, Executive Director, INOXGFL Group, said, “This transaction will be a defining step in our strategy to build India’s largest and most technologically advanced renewable energy services platform. Wind World’s quality asset base and deeply entrenched customer relationships complement Inox Green’s strengths and reinforce our long-term growth ambitions. The transaction substantially enhances our multi-brand OEM O&M capabilities and strengthens our ability to deliver superior operational performance across a larger fleet of wind assets. We are now focused on a seamless integration of Wind World India’s O&M business, leveraging our combined capabilities to drive greater value for customers, accelerate growth and further consolidate our leadership in the renewable energy services sector.”

Mr. Akhil Jindal, Group CFO, INOXGFL Group, added, “We are extremely pleased to announce that this milestone transaction has been executed within our disciplined valuation framework. The business has several synergistic opportunities and the transaction multiple works out to approximately 2x EBITDA, based on expected earnings after the full realisation of synergies over the next year. As we integrate the acquired business, our focus will be on driving operational efficiencies, improving margins and unlocking synergies to maximize value creation.”

Inox Green Energy Solutions Limited (“Inox Green”), India’s leading listed renewable operations and maintenance (“O&M”) service provider and part of the INOXGFL Group, has on October 6, 2026 completed the payment for the transfer of the wind O&M business of Wind World India Limited (“WWIL”). The payment has been made through Inox Green’s subsidiary Vibhav Energy Private Limited (“VEPL”) pursuant to the Business Transfer Agreement (“BTA”) executed between VEPL and WWIL. This landmark transaction represents one of the most significant deals in India’s renewable O&M sector.

The O&M business of WWIL will be transferred to VEPL as a going concern, as per the terms of the BTA and the Resolution Plan approved by the Hon’ble National Company Law Tribunal (NCLT). Inox Green will own 75% stake in VEPL post completion of the transfer and the implementation of the Resolution Plan, enabling line-by-line consolidation of the transferred business’ financials. The total consideration for the transaction, inclusive of taxes, is ₹550 cгоге.

WWIL’s high-quality 4.5 GW portfolio services a marquee client base, including the Tata Group, ReNew, Greenko Group, Apraava Energy, and Hindustan Zinc. The assets span across key wind-rich states, including Karnataka, Maharashtra, Tamil Nadu, Rajasthan, Gujarat, Madhya Pradesh, and Andhra Pradesh. The portfolio generated revenue of approximately 580 crore in FY26 and benefits from contracted annual price escalation of approximately 5%.

Inox Green’s O&M portfolio currently stands at ~13.3 GWp (as of June 2026, inclusive of WWIL and a separate -2 GW wind O&M acquisition currently held as an investment). By leveraging operational efficiencies, advanced technology platforms, and group synergies, Inox Green is uniquely positioned to substantially boost the acquired portfolio’s revenues and operating margins.

Supported by the INOXGFL Group ecosystem-including planned large annual capacity additions at Inox Clean Energy and external projects executed by parent company Inox Wind-Inox Green is firmly on track to exceed 20 GW+ capacity in the near future.

Commenting on the acquisition, Mr. Devansh Jain, Executive Director, INOXGFL Group, said, “This transaction will be a defining step in our strategy to build India’s largest and most technologically advanced renewable energy services platform. Wind World’s quality asset base and deeply entrenched customer relationships complement Inox Green’s strengths and reinforce our long-term growth ambitions. The transaction substantially enhances our multi-brand OEM O&M capabilities and strengthens our ability to deliver superior operational performance across a larger fleet of wind assets. We are now focused on a seamless integration of Wind World India’s O&M business, leveraging our combined capabilities to drive greater value for customers, accelerate growth and further consolidate our leadership in the renewable energy services sector.”

Mr. Akhil Jindal, Group CFO, INOXGFL Group, added, “We are extremely pleased to announce that this milestone transaction has been executed within our disciplined valuation framework. The business has several synergistic opportunities and the transaction multiple works out to approximately 2x EBITDA, based on expected earnings after the full realisation of synergies over the next year. As we integrate the acquired business, our focus will be on driving operational efficiencies, improving margins and unlocking synergies to maximize value creation.”

Inox Green Energy Solutions Limited (“Inox Green”), India’s leading listed renewable operations and maintenance (“O&M”) service provider and part of the INOXGFL Group, has on October 6, 2026 completed the payment for the transfer of the wind O&M business of Wind World India Limited (“WWIL”). The payment has been made through Inox Green’s subsidiary Vibhav Energy Private Limited (“VEPL”) pursuant to the Business Transfer Agreement (“BTA”) executed between VEPL and WWIL. This landmark transaction represents one of the most significant deals in India’s renewable O&M sector.

The O&M business of WWIL will be transferred to VEPL as a going concern, as per the terms of the BTA and the Resolution Plan approved by the Hon’ble National Company Law Tribunal (NCLT). Inox Green will own 75% stake in VEPL post completion of the transfer and the implementation of the Resolution Plan, enabling line-by-line consolidation of the transferred business’ financials. The total consideration for the transaction, inclusive of taxes, is ₹550 cгоге.

WWIL’s high-quality 4.5 GW portfolio services a marquee client base, including the Tata Group, ReNew, Greenko Group, Apraava Energy, and Hindustan Zinc. The assets span across key wind-rich states, including Karnataka, Maharashtra, Tamil Nadu, Rajasthan, Gujarat, Madhya Pradesh, and Andhra Pradesh. The portfolio generated revenue of approximately 580 crore in FY26 and benefits from contracted annual price escalation of approximately 5%.

Inox Green’s O&M portfolio currently stands at ~13.3 GWp (as of June 2026, inclusive of WWIL and a separate -2 GW wind O&M acquisition currently held as an investment). By leveraging operational efficiencies, advanced technology platforms, and group synergies, Inox Green is uniquely positioned to substantially boost the acquired portfolio’s revenues and operating margins.

Supported by the INOXGFL Group ecosystem-including planned large annual capacity additions at Inox Clean Energy and external projects executed by parent company Inox Wind-Inox Green is firmly on track to exceed 20 GW+ capacity in the near future.

Commenting on the acquisition, Mr. Devansh Jain, Executive Director, INOXGFL Group, said, “This transaction will be a defining step in our strategy to build India’s largest and most technologically advanced renewable energy services platform. Wind World’s quality asset base and deeply entrenched customer relationships complement Inox Green’s strengths and reinforce our long-term growth ambitions. The transaction substantially enhances our multi-brand OEM O&M capabilities and strengthens our ability to deliver superior operational performance across a larger fleet of wind assets. We are now focused on a seamless integration of Wind World India’s O&M business, leveraging our combined capabilities to drive greater value for customers, accelerate growth and further consolidate our leadership in the renewable energy services sector.”

Mr. Akhil Jindal, Group CFO, INOXGFL Group, added, “We are extremely pleased to announce that this milestone transaction has been executed within our disciplined valuation framework. The business has several synergistic opportunities and the transaction multiple works out to approximately 2x EBITDA, based on expected earnings after the full realisation of synergies over the next year. As we integrate the acquired business, our focus will be on driving operational efficiencies, improving margins and unlocking synergies to maximize value creation.”

Inox Green Energy Solutions Limited (“Inox Green”), India’s leading listed renewable operations and maintenance (“O&M”) service provider and part of the INOXGFL Group, has on October 6, 2026 completed the payment for the transfer of the wind O&M business of Wind World India Limited (“WWIL”). The payment has been made through Inox Green’s subsidiary Vibhav Energy Private Limited (“VEPL”) pursuant to the Business Transfer Agreement (“BTA”) executed between VEPL and WWIL. This landmark transaction represents one of the most significant deals in India’s renewable O&M sector.

The O&M business of WWIL will be transferred to VEPL as a going concern, as per the terms of the BTA and the Resolution Plan approved by the Hon’ble National Company Law Tribunal (NCLT). Inox Green will own 75% stake in VEPL post completion of the transfer and the implementation of the Resolution Plan, enabling line-by-line consolidation of the transferred business’ financials. The total consideration for the transaction, inclusive of taxes, is ₹550 cгоге.

WWIL’s high-quality 4.5 GW portfolio services a marquee client base, including the Tata Group, ReNew, Greenko Group, Apraava Energy, and Hindustan Zinc. The assets span across key wind-rich states, including Karnataka, Maharashtra, Tamil Nadu, Rajasthan, Gujarat, Madhya Pradesh, and Andhra Pradesh. The portfolio generated revenue of approximately 580 crore in FY26 and benefits from contracted annual price escalation of approximately 5%.

Inox Green’s O&M portfolio currently stands at ~13.3 GWp (as of June 2026, inclusive of WWIL and a separate -2 GW wind O&M acquisition currently held as an investment). By leveraging operational efficiencies, advanced technology platforms, and group synergies, Inox Green is uniquely positioned to substantially boost the acquired portfolio’s revenues and operating margins.

Supported by the INOXGFL Group ecosystem-including planned large annual capacity additions at Inox Clean Energy and external projects executed by parent company Inox Wind-Inox Green is firmly on track to exceed 20 GW+ capacity in the near future.

Commenting on the acquisition, Mr. Devansh Jain, Executive Director, INOXGFL Group, said, “This transaction will be a defining step in our strategy to build India’s largest and most technologically advanced renewable energy services platform. Wind World’s quality asset base and deeply entrenched customer relationships complement Inox Green’s strengths and reinforce our long-term growth ambitions. The transaction substantially enhances our multi-brand OEM O&M capabilities and strengthens our ability to deliver superior operational performance across a larger fleet of wind assets. We are now focused on a seamless integration of Wind World India’s O&M business, leveraging our combined capabilities to drive greater value for customers, accelerate growth and further consolidate our leadership in the renewable energy services sector.”

Mr. Akhil Jindal, Group CFO, INOXGFL Group, added, “We are extremely pleased to announce that this milestone transaction has been executed within our disciplined valuation framework. The business has several synergistic opportunities and the transaction multiple works out to approximately 2x EBITDA, based on expected earnings after the full realisation of synergies over the next year. As we integrate the acquired business, our focus will be on driving operational efficiencies, improving margins and unlocking synergies to maximize value creation.”

Inox Green Energy Solutions Limited (“Inox Green”), India’s leading listed renewable operations and maintenance (“O&M”) service provider and part of the INOXGFL Group, has on October 6, 2026 completed the payment for the transfer of the wind O&M business of Wind World India Limited (“WWIL”). The payment has been made through Inox Green’s subsidiary Vibhav Energy Private Limited (“VEPL”) pursuant to the Business Transfer Agreement (“BTA”) executed between VEPL and WWIL. This landmark transaction represents one of the most significant deals in India’s renewable O&M sector.

The O&M business of WWIL will be transferred to VEPL as a going concern, as per the terms of the BTA and the Resolution Plan approved by the Hon’ble National Company Law Tribunal (NCLT). Inox Green will own 75% stake in VEPL post completion of the transfer and the implementation of the Resolution Plan, enabling line-by-line consolidation of the transferred business’ financials. The total consideration for the transaction, inclusive of taxes, is ₹550 cгоге.

WWIL’s high-quality 4.5 GW portfolio services a marquee client base, including the Tata Group, ReNew, Greenko Group, Apraava Energy, and Hindustan Zinc. The assets span across key wind-rich states, including Karnataka, Maharashtra, Tamil Nadu, Rajasthan, Gujarat, Madhya Pradesh, and Andhra Pradesh. The portfolio generated revenue of approximately 580 crore in FY26 and benefits from contracted annual price escalation of approximately 5%.

Inox Green’s O&M portfolio currently stands at ~13.3 GWp (as of June 2026, inclusive of WWIL and a separate -2 GW wind O&M acquisition currently held as an investment). By leveraging operational efficiencies, advanced technology platforms, and group synergies, Inox Green is uniquely positioned to substantially boost the acquired portfolio’s revenues and operating margins.

Supported by the INOXGFL Group ecosystem-including planned large annual capacity additions at Inox Clean Energy and external projects executed by parent company Inox Wind-Inox Green is firmly on track to exceed 20 GW+ capacity in the near future.

Commenting on the acquisition, Mr. Devansh Jain, Executive Director, INOXGFL Group, said, “This transaction will be a defining step in our strategy to build India’s largest and most technologically advanced renewable energy services platform. Wind World’s quality asset base and deeply entrenched customer relationships complement Inox Green’s strengths and reinforce our long-term growth ambitions. The transaction substantially enhances our multi-brand OEM O&M capabilities and strengthens our ability to deliver superior operational performance across a larger fleet of wind assets. We are now focused on a seamless integration of Wind World India’s O&M business, leveraging our combined capabilities to drive greater value for customers, accelerate growth and further consolidate our leadership in the renewable energy services sector.”

Mr. Akhil Jindal, Group CFO, INOXGFL Group, added, “We are extremely pleased to announce that this milestone transaction has been executed within our disciplined valuation framework. The business has several synergistic opportunities and the transaction multiple works out to approximately 2x EBITDA, based on expected earnings after the full realisation of synergies over the next year. As we integrate the acquired business, our focus will be on driving operational efficiencies, improving margins and unlocking synergies to maximize value creation.”

Saatvik Group has appointed Dr. Rakesh Kumar as Executive Vice President – Ancillary Business and Business Head – Battery Energy Storage Systems (BESS), strengthening its leadership team as the group expands its presence across energy storage and allied renewable energy businesses.

Dr. Kumar brings more than two decades of experience spanning renewable energy, battery energy storage, solar manufacturing, business development, sales and marketing, plant operations, and quality management.

Before joining Saatvik Group, Dr. Kumar served as Chief Executive Officer – Renewables at DDEV Plastiks Industries Limited. In this role, he was responsible for the company’s 5 GWh BESS business, serving utility-scale as well as commercial and industrial applications. His responsibilities included setting up automated production lines, strengthening domestic manufacturing capabilities, and ensuring product reliability through testing and certification.

Earlier, Dr. Kumar held the position of President – Renewables at Kosol Energie and served as Vice President – Sales & Marketing at Vishakha Renewables. He also worked as Plant Head at Masdar Industrial Alternative Energy in Riyadh, where he was involved in solar module manufacturing, business development, and market expansion. Prior to that, he served as Sales and Marketing Head – Wahaj Solar at SIPCHEM.

His career also includes technical and leadership roles at Goldi Solar, Aksh Optifibre, Euro Multivision, and Moser Baer Photo Voltaic. During his tenure at Moser Baer, he worked on solar cell and panel process development, quality systems, and manufacturing traceability.

In his new role at Saatvik Group, Dr. Kumar will oversee the company’s ancillary business and BESS operations, contributing to the expansion of its energy storage portfolio.

Saatvik Group has been expanding its presence across the renewable energy value chain, with businesses spanning solar PV manufacturing, EPC, solar pumps, inverters, transformers, and energy storage. Its dedicated energy-storage arm, Saatvik Power Storage Solutions, was incorporated in March 2026 and is focused on developing battery technologies and energy storage systems. The company has outlined plans to develop up to 20 GW of storage capacity over the next five years.

Saatvik Group has appointed Dr. Rakesh Kumar as Executive Vice President – Ancillary Business and Business Head – Battery Energy Storage Systems (BESS), strengthening its leadership team as the group expands its presence across energy storage and allied renewable energy businesses.

Dr. Kumar brings more than two decades of experience spanning renewable energy, battery energy storage, solar manufacturing, business development, sales and marketing, plant operations, and quality management.

Before joining Saatvik Group, Dr. Kumar served as Chief Executive Officer – Renewables at DDEV Plastiks Industries Limited. In this role, he was responsible for the company’s 5 GWh BESS business, serving utility-scale as well as commercial and industrial applications. His responsibilities included setting up automated production lines, strengthening domestic manufacturing capabilities, and ensuring product reliability through testing and certification.

Earlier, Dr. Kumar held the position of President – Renewables at Kosol Energie and served as Vice President – Sales & Marketing at Vishakha Renewables. He also worked as Plant Head at Masdar Industrial Alternative Energy in Riyadh, where he was involved in solar module manufacturing, business development, and market expansion. Prior to that, he served as Sales and Marketing Head – Wahaj Solar at SIPCHEM.

His career also includes technical and leadership roles at Goldi Solar, Aksh Optifibre, Euro Multivision, and Moser Baer Photo Voltaic. During his tenure at Moser Baer, he worked on solar cell and panel process development, quality systems, and manufacturing traceability.

In his new role at Saatvik Group, Dr. Kumar will oversee the company’s ancillary business and BESS operations, contributing to the expansion of its energy storage portfolio.

Saatvik Group has been expanding its presence across the renewable energy value chain, with businesses spanning solar PV manufacturing, EPC, solar pumps, inverters, transformers, and energy storage. Its dedicated energy-storage arm, Saatvik Power Storage Solutions, was incorporated in March 2026 and is focused on developing battery technologies and energy storage systems. The company has outlined plans to develop up to 20 GW of storage capacity over the next five years.