In a significant development for the domestic clean-energy sector, Inox Wind Limited (IWL), one of India’s leading wind energy solutions companies, has announced the sale of a stake worth approximately ₹175 crores in its EPC subsidiary, Inox Renewable Solutions Limited (IRSL). The stake has been sold to outside investors at an implied valuation of ~₹7,400 crores, reflecting a strong endorsement of the subsidiary’s long-term prospects.
The company confirmed the transaction through an official filing with the BSE and NSE, stating that the stake sale follows the recent demerger of the substation business from Inox Green and its subsequent merger into IRSL—a restructuring move that has already received a ‘no objection’ from the stock exchanges.

Strategic Rationale Behind the Stake Sale

According to the company, this divestment is part of a broader strategy aimed at unlocking value in its renewable subsidiaries and funding growth opportunities in the expanding EPC and services segment. By monetising a minority stake in IRSL, Inox Wind has strengthened its balance sheet and positioned itself to capture additional opportunities in the Indian wind and hybrid power infrastructure market.

The deal also highlights growing investor confidence in India’s renewable energy ecosystem, which continues to receive strong policy and regulatory support. With IRSL developing multi-gigawatt common infrastructure across the country and expanding its services to include crane services, transformer manufacturing and transmission hybridisation, the subsidiary has become a core pillar of Inox Wind’s growth roadmap.

About Inox Wind and IRSL

Inox Wind Limited is a fully integrated wind energy solutions provider with four manufacturing facilities across Gujarat, Himachal Pradesh and Madhya Pradesh, offering end-to-end services that span from turbine design and component manufacturing to project commissioning and O&M. Backed by the US$12-billion INOXGFL Group, IWL currently has a manufacturing capacity of ~2.5 GW per annum and a robust order book of ~3.1 GW.

Through its subsidiary Inox Renewable Solutions Limited (formerly Resco Global Wind Services Pvt. Ltd.), IWL offers specialised EPC services for wind and hybrid renewable projects and develops power evacuation infrastructure on a plug-and-play basis for renewable energy developers. With an operational track record of more than 14 years, IRSL is one of the top two wind EPC providers in the country and has a strong presence across Western India.

The company has recently widened its product portfolio to include transformer manufacturing, crane services and hybridisation of transmission assets, aligned with the latest renewable energy policies of multiple Indian states. This has created additional revenue streams and strengthened its presence in the rapidly evolving renewable infrastructure segment.

Conclusion

To summarise, Inox Wind’s sale of a ₹175-crore stake in Inox Renewable Solutions at a ₹7,400-crore valuation highlights both the strong investor appetite for high-quality renewable infrastructure assets and the strategic direction of the company as it looks to scale its EPC, power evacuation and services capabilities. The transaction also underlines Inox Wind’s focus on unlocking value and accelerating growth as India continues to make rapid progress toward large-scale clean-energy deployment under its renewable power ambitions.

If you’d like a follow-up analysis of how this deal could impact India’s wind energy sector or a summary of recent major transactions in renewables, just let me know.

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