Deal bolsters subsidiary Inox Renewable Solutions’ growth prospects amid healthy order pipelines

Inox Wind, a leading integrated wind energy solutions provider, has sold a Rs 175 crore stake in its engineering, procurement and construction (EPC) subsidiary, Inox Renewable Solutions (IRSL), at a valuation of Rs 7,400 crore.

The transaction follows the recent stock exchange approvals for the post-merger valuation of IRSL, which provides EPC services and develops common infrastructure, including power evacuation facilities, for renewable projects.

Part of the USD 12 billion INOXGFL Group, Inox Wind said its subsidiary is backed by a well-diversified order book of 3.1 gigawatts, ensuring revenue visibility. The company caters to independent power producers, utilities, public sector undertakings, and corporate investors.

Inox Wind operates four manufacturing facilities across Gujarat, Himachal Pradesh and Madhya Pradesh, producing blades, tubular towers, hubs and nacelles. The company said the latest equity sale would strengthen IRSL’s growth trajectory as India’s renewable sector accelerates capacity addition targets.