Inox Green Energy Services announced Tuesday that a consortium it leads has secured approval for a resolution plan to take over key assets from the insolvent Wind World India. The Committee of Creditors approved the bid under Section 30(4) of India’s Insolvency and Bankruptcy Code, 2016, clearing the path for Inox Cleancoal to expand its renewable holdings.

Inox Neo Energies, the lead member of the consortium with Authum Investment & Infrastructure as partner, targets Wind World India’s independent power producer arm. That portfolio holds about 600 MW of installed wind capacity across seven states: Karnataka, Maharashtra, Tamil Nadu, Rajasthan, Gujarat, Madhya Pradesh and Andhra Pradesh. Inox Clean, the group’s platform for utility-scale wind, solar and hybrid projects, will absorb these assets through its subsidiary Inox Neo, officials said.

Separately, Inox Green will snap up Wind World India’s operations and maintenance division, which manages nearly 4.5 GW for high-profile clients. The roster includes Tata Group, ReNew, Greenko Group, Apraava Energy and Hindustan Zinc. Inox Green already oversees 13.3 GWp in assets as part of the listed INOXGFL Group.

The acquisitions bolster Inox Clean’s position in prime wind corridors. Company executives highlighted the move as a step toward 10 GW of IPP capacity and 11 GW of integrated solar manufacturing by fiscal 2028. Inox Green, meanwhile, eyes dominance in India’s renewable O&M sector with its diversified state footprint.

Wind World India operated in manufacturing, power generation and maintenance before insolvency proceedings. The resolution plan now shifts its IPP and O&M operations to Inox entities, preserving jobs and contracts across those wind-rich regions. No financial details of the deal emerged in the announcement.

Shares in Inox Green rose sharply on the news. The company has pursued aggressive expansion, adding to its roster of operational wind farms. Creditors approved the consortium’s plan after reviewing bids in the corporate insolvency process.