Mascot Dynamics And Amrut Energy Merge To Boost Solar Pumping
Amrut Energy founder Arvind Patel has joined the Mascot Dynamics board and will lead the division as chief executive officer. The agreement aligns Amrut Energy shareholders with Mascot Dynamics through equity participation to reinforce the group’s long term strategy in industrial infrastructure and clean energy. The division is vertically integrated with in house capabilities covering solar panels, submersible and surface pumps and MPPT pump controllers. To date the business has supplied more than 65,000 solar water pumping systems and delivered over 150 megawatts (MW) of solar panels.
Amrut Energy has built a network of approximately 3,000 channel partners and secured approvals for government backed solar programmes across 15 Indian states including Maharashtra, Gujarat, Rajasthan and Uttar Pradesh. The company also holds approvals from Gujarat’s WASMO and Tribal Development Department to support rural and last mile projects. The division has expanded internationally with deployments in Saudi Arabia, Oman, Kenya, Mozambique, South Africa, Sri Lanka, Nepal and Australia. The operations have contributed to estimated cumulative carbon emission savings of approximately 696,600 metric tonnes (t).
Mascot Dynamics founder Arvind Kamath described the merger as strengthening the group’s long term structure and expanding its position as a diversified engineering enterprise. The group now operates four divisions focused on industrial, energy and environmental infrastructure and is positioned for growth in India’s clean energy sector and wider engineering markets.