Inox Green offers ₹600 cr for Wind World O&M unit

New Delhi: Inox Green Energy has bid ₹550-600 crore for Wind World India's green energy operation and maintenance (O&M) portfolio in a court-driven bidding process, said people familiar with the matter. The bid is yet to be approved by the NCLT. Wind World is undergoing corporate insolvency proceedings at NCLT.

Wind World provides O&M services to renewable energy producing installations with installed capacity of over 4.5 GW. Its clients include Tata Group, ReNew Power, Greenko, Apraava, and Hindustan Zinc. Inox Green declined to comment.

In January, Inox Clean Energy, which is into solar and wind power generation and solar cell manufacturing, raised $330 million from a group of investors including the California Public Employees Retirement System (CalPERS) at $5.5 billion valuation. Inox Clean Energy is privately-held.