Inox Wind sells ₹175 cr stake in EPC subsidiary at ₹7,400 cr valuation

Wind energy solutions provider, Inox Wind (IWL), on Tuesday said it has sold a stake worth ₹175 crore in its EPC subsidiary, Inox Renewable Solutions (formerly Resco Global Wind Services), to investors at a valuation of ₹7,400 crore.

The company did not disclose who these investors are. This latest development comes after the National Company Law Tribunal approved the merger of Inox Wind Energy (IWEL) into IWL on June 10, 2025, strengthening the company's balance sheet by reducing liabilities by about ₹2,050 crore.

Last September, Inox Renewable Solutions had approved a ₹350 crore equity raise from investors for a single-digit stake. Inox Renewable Solutions offers end-to-end services for wind projects right from the conceptualisation stage up to project commissioning, as well as the construction of transmission infrastructure to evacuate power from such projects, offering turnkey solutions to developers on a plug-and-play basis. It provides services across India with a strong presence in Western India.

It is developing common infrastructure on the multi-gigawatt scale at sites across the country, to be utilised for future renewable projects. Inox Wind's scrip ended at ₹144.40 up 3.18% on the BSE, Tuesday.