Omkara ARC Acquires INR 3,763 Crore Debt of Wind World India, Strengthens Its RE Portfolio

Omkara Asset Reconstruction Company (Omkara ARC), a sister firm of the Areion Group, has acquired INR 3,763 crore debt of Wind World India Ltd. (WWIL) from the National Asset Reconstruction Company Ltd. (NARCL), securing a dominant role in the ongoing insolvency resolution process of the renewable energy company.

The acquisition, finalised under the Swiss Challenge method, gives Omkara ARC an 80 percent voting share in the Committee of Creditors (CoC) after investing INR 1,225 crore. The National Company Law Tribunal (NCLT) has cleared the way for inviting fresh bids after allowing the withdrawal of an earlier resolution plan, paving the path for new expressions of interest.

WWIL, formerly known as Enercon India Ltd., is an Indian wind energy company, operating 650 MW of renewable projects and managing operations and maintenance of 4,500 MW of installed capacity across multiple states including Gujarat, Rajasthan, Karnataka, Maharashtra, Tamil Nadu, Andhra Pradesh, and Madhya Pradesh.

“This acquisition is more than a strategic investment; it’s a reaffirmation of our commitment to India’s economic revival through resolution of complex, high-impact assets,” said Manish Lalwani, Co-Founder and Managing Director of Areion Group. “Wind World India represents a critical piece of the country’s renewable energy infrastructure, and we are proud to take the lead in unlocking its full potential," said Lalwani.

The move strengthens Omkara ARC’s portfolio in the renewable infrastructure space while strengthening its influence in India’s distressed asset market. For the Areion Group, it highlights a sharper focus on special situations, sustainable growth, and restoring enterprise value in key economic sectors.