The shares of the prominent wind energy company gained up to 2 percent in today’s trading session after the company received approval from the Hon’ble National Company Law Tribunal for the merger.
With a market capitalization of Rs 13,461.96 crore, the shares of Inox Wind Energy Ltd were trading at Rs 11,174.00 per share, decreasing around 1.07 percent as compared to the previous closing price of Rs 11,295.10 apiece.
According to the exchange filing, the National Company Law Tribunal has approved the merger of Inox Wind Energy Ltd with Inox Wind Ltd, streamlining INOXGFL Group’s wind business. The merger enhances operational efficiency and significantly reduces IWL’s liabilities by approximately ₹2,050 crore, strengthening its balance sheet and improving overall financial and strategic positioning.
Additionally, Post-merger, Inox Wind Ltd (IWL) will issue 632 equity shares (₹10 face value) for every 10 shares of Inox Wind Energy Ltd (IWEL) held on the record date. Share allotment to IWEL shareholders is expected within 1–1.5 months, subject to regulatory approvals and clearance processes.
Looking forward to the company’s financial performance, revenue increased by 141 percent from Rs 528 crore in Q4FY24 to Rs 1,275 crore in Q4FY25. Further, during the same time frame, net profit increased by 400 percent from Rs 38 crore to Rs 190 crore.
Inox Wind Energy Limited is an India-based wind energy company. The Company is engaged in the business of manufacturing and sale of wind turbine generators (WTGs) and generating and sale of wind energy. It also provides erection, procurement, and commissioning (EPC) services, operations and maintenance (O&M) services, wind farm development services, and common infrastructure facilities for WTGs.
Written by Abhishek Singh
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