New Delhi, Oct. 3 -- Omkara Asset Reconstruction Company, the sister company of Areion Group ARC, announced on Friday that it has acquired the debt of bankrupt Wind World India from the National Asset Reconstruction Company Ltd (NARCL) in a Rs.1,225-crore bid.

NARCL, the state-run bad bank, originally purchased the debt of Rs.3,763 crore about 18 months ago. The fresh sale of the debt was conducted through the Swiss challenge method, which concluded with Omkara ARC emerging as the final bidder, a company statement said.

Wind World India, formerly known as Enercon India Limited, operates 650 MW of renewable energy projects and manages the operations and maintenance for 4,500 MW of installed capacity across Andhra Pradesh, Gujarat, Karnat...