Saatvik Green Energy Acquires 80 Per Cent Stake In Melcon
POWER & RENEWABLE ENERGY

Saatvik Green Energy Acquires 80 Per Cent Stake In Melcon

Saatvik Green Energy Limited has acquired an 80 per cent equity stake in Melcon Transformers and Electricals Private Limited, a Jaipur-based transformer manufacturer, with the share purchase agreement signed on 23 April 2026. Melcon was incorporated in 2005 and manufactures transformers used in power transmission and distribution. The transaction was presented as a strategic acquisition to broaden Saatvik's capabilities across the power equipment sector.

Prashant Mathur, chief executive officer of Saatvik Green Energy Limited, described the move as part of an effort to build an ecosystem that supports India's energy transition and deepen control across the power value chain. He framed the integration of transformer manufacturing as a way to improve execution speed, strengthen quality assurance and create a more resilient and responsive supply chain. The company said the acquisition aligns with a shift from a focus on solar module manufacturing towards integrated energy solutions.

Melcon supplies transformers that act as bridges between generation and consumption and the acquisition is expected to enable Saatvik to integrate manufacturing into its operations and expand its presence in power transmission equipment. The combined operations are intended to support faster project delivery and tighter coordination between component supply and installation. The deal is likely to offer Saatvik greater control over product specifications and timetables across transmission and distribution projects.

India is targeting 500 GW of non-fossil fuel capacity by 2030 and transmission and distribution infrastructure is expected to play a key role alongside generation capacity. Industry analysts note that strengthened domestic manufacturing in critical components can reduce dependence on imports and improve localisation of supply chains. Saatvik positioned the acquisition as part of broader efforts to enable reliable integration of renewable capacity into the grid.

Saatvik Green Energy Limited has acquired an 80 per cent equity stake in Melcon Transformers and Electricals Private Limited, a Jaipur-based transformer manufacturer, with the share purchase agreement signed on 23 April 2026. Melcon was incorporated in 2005 and manufactures transformers used in power transmission and distribution. The transaction was presented as a strategic acquisition to broaden Saatvik's capabilities across the power equipment sector. Prashant Mathur, chief executive officer of Saatvik Green Energy Limited, described the move as part of an effort to build an ecosystem that supports India's energy transition and deepen control across the power value chain. He framed the integration of transformer manufacturing as a way to improve execution speed, strengthen quality assurance and create a more resilient and responsive supply chain. The company said the acquisition aligns with a shift from a focus on solar module manufacturing towards integrated energy solutions. Melcon supplies transformers that act as bridges between generation and consumption and the acquisition is expected to enable Saatvik to integrate manufacturing into its operations and expand its presence in power transmission equipment. The combined operations are intended to support faster project delivery and tighter coordination between component supply and installation. The deal is likely to offer Saatvik greater control over product specifications and timetables across transmission and distribution projects. India is targeting 500 GW of non-fossil fuel capacity by 2030 and transmission and distribution infrastructure is expected to play a key role alongside generation capacity. Industry analysts note that strengthened domestic manufacturing in critical components can reduce dependence on imports and improve localisation of supply chains. Saatvik positioned the acquisition as part of broader efforts to enable reliable integration of renewable capacity into the grid.

Related Stories

Gold Stories

Next Story
Infrastructure Transport

Innovision Wins NHAI Toll Collection Contract at Aashpur Fee Plaza

Innovision Limited has informed stock exchanges that it has been awarded a user fee collection and facility maintenance contract by the National Highways Authority of India (NHAI). The letter of award was issued on 10 August 2026 for operations at Aashpur Fee Plaza at design kilometre 231.100 on National Highway number 91 between Aligarh and Kanpur in Uttar Pradesh. The engagement covers collection of user fees for four and more lane sections and the upkeep and maintenance of adjacent toilet blocks including replenishment of consumable items. The contract was secured through a competitive e-te..

Next Story
Infrastructure Urban

Bharat Electronics Secures Rs.5,410 mn In Orders

Bharat Electronics Limited (BEL), a Navratna Defence Public Sector Undertaking, has secured additional orders worth Rs.5,410 million (mn) since the last disclosure on 31 July 2026. The fresh awards raise the company's recently reported intake and were announced by way of a regulatory filing on 10 August 2026. The orders span multiple business verticals and are incremental to contracts already under execution. The update follows the company's routine disclosure obligations to the stock exchanges. Major orders received include communication equipment, electro optics, ammunition fuzes, Chemical B..

Next Story
Infrastructure Urban

United Drilling Tools Receives US Order For Gas Lift Mandrel

United Drilling Tools Limited said it has received an order from Tri Lift Services Inc of the United States for the supply of a gas lift mandrel to be used in the oil and gas industry. The company said the disclosure was made to listing authorities under the Securities and Exchange Board of India listing rules and the SEBI master circular of November 2024. The notice set out the nature of the contract as commercial and awarded by an international entity. The order is to be executed in the ordinary course of business and carries an estimated contract value of Rs four point eight three million (..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement