Green Energy Stock Jumps 6% After Company to Acquire Wind World’s O&M and IPP Businesses

Synopsis: INOX Green shares gained 6% after INOXGFL Group companies emerged as successful bidders for Wind World India’s IPP and O&M businesses. The acquisition expands the group’s operational footprint, strengthens recurring service revenue visibility, and enhances integration across the wind energy value chain amid sector growth.

The shares of this company, which is one of the major wind power operation and maintenance (“O&M”) service providers within India and is a subsidiary of Inox Wind Limited (“IWL”) and part of the Inox GFL group of companies, were in momentum today after the company announced its declaration of successful bidding of Wind World’s two segments to strengthen its IPP and O&M segments.

With a market cap of Rs 6,800 crore, the shares of Inox Green Energy Services Ltd gained 6 percent in today’s trading session and reached a high of Rs 186.95. When compared to its previous day’s closing price of Rs 175.60, the shares are trading at a PE of 90.2 compared to its industry PE of 26.1.

About the Acquisition 

The shares of Inox Wind Limited and the INOXGFL Group as a whole are expected to continue being in the limelight as group companies have been declared successful bidders for Wind World India’s IPP and O&M business operations under the NCLT-approved resolution process. The acquisition will further enhance the group’s reach across the wind energy value chain, which is witnessing an acceleration of capacity additions in the Indian renewable energy sector.

As part of the deal, Inox Clean Energy (through Inox Neo Energies) will acquire the 600 MW operational IPP portfolio of Wind World, while Inox Green Energy Services Limited will acquire the 4.5 GW wind O&M business. For Inox Wind, as a key wind solutions company in the group, this transaction strengthens ecosystem integration. 

The expanded O&M business strengthens service revenue over the long term, and the growth in IPP assets strengthens visibility for wind turbine, O&M, and life cycle services. This acquisition also strengthens customer relationships, including with key corporate customers, who are served through the O&M business.

From a strategic perspective, this acquisition is consistent with the group’s medium-term plans to reach 10 GW of installed IPP capacity and 11 GW of integrated solar manufacturing capacity by FY28. By building scale in both ownership and servicing, INOXGFL is now poised to become a fully integrated renewable energy company, which may strengthen its long-term competitiveness in the Indian clean energy market.

The revenue from operations for the company stood at Rs 82 crores in Q3 FY26 compared to Q3 FY25 revenue of Rs 61 crores, up by about 34 per cent YoY. Similarly, the net profit stood at Rs 25 crore in Q3 FY26, up compared to the Rs 5 crore profit in Q3 FY25.

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