Inox Wind Sells Stake Worth INR 175 Crore in Inox Renewable Solutions
Inox Wind has raised about INR 175 crore by selling a stake in its EPC arm, Inox Renewable Solutions (IRSL), valuing the subsidiary at nearly INR 7,400 crore.
August 19, 2025. By Mrinmoy Dey
The scheme of demerger of the substation business from Inox Green and its subsequent merger into IRSL recently received no objection from the stock exchanges.
Inox Wind is a part of the USD 12 billion INOXGFL group and is a fully integrated player in the wind energy market with four state-of-the-art manufacturing plants in Gujarat, Himachal Pradesh and Madhya Pradesh, where Blades, Tubular Towers, as well as Hubs and Nacelles are manufactured. With its state-of-the-art 3 MW series WTG offering, IWL’s manufacturing capacity stands at about 2.5 GW per annum.
Inox Renewable Solutions offers end-to-end EPC services for renewable projects right from 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 plug-and-play basis.
“IRSL provides its services across India with a very strong presence in Western India. It is developing common infrastructure on multi-gigawatt scale at sites across the country, to be utilised for future renewable projects,” the company said.
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