Deal accelerates INOXGFL Group’s push towards a 10 GW renewable portfolio.

Inox Clean Energy Completes ₹5,000-Crore Acquisition of Vibrant Energy.

Inox Clean Energy has completed the acquisition of Vibrant Energy from Macquarie Corporate Holdings Pty Limited and other shareholders at an enterprise value of ₹5,000 crore. The transaction was completed in a record four months despite challenging global M&A conditions. Vibrant Energy is a diversified renewable energy independent power producer with a total portfolio of 1,337 MW spread across Madhya Pradesh, Maharashtra, Karnataka, Telangana, and Andhra Pradesh. Its assets are backed by long-term power purchase agreements, with an average tenure of 20 years, with leading commercial and industrial clients such as Amazon, Coca-Cola, Sify, Ultratech Cement, and Laurus Labs. The acquisition significantly strengthens Inox Clean Energy’s integrated renewable platform by combining utility-scale power generation with solar manufacturing capabilities. Devansh Jain, Executive Director of the INOXGFL Group, said the deal keeps the company on track to achieve its target of 10 GW of installed IPP capacity by FY28.