Waaree Acquires 64 Per Cent in Kotsons for Rs 1.92 Billion

09 Sep 2025 CW Team

Waaree Energies Limited, India’s largest solar module manufacturer, has acquired a 64 per cent equity stake in transformer manufacturer Kotsons Private Limited for Rs 1.92 billion, the company announced on Tuesday. The acquisition makes Kotsons a subsidiary of the Mumbai-headquartered renewable energy firm.

The strategic move is aimed at bolstering Waaree’s position in the integrated clean energy value chain. The capital infusion will support the expansion of Kotsons’ manufacturing capacity at its existing facility in Alwar, Rajasthan, which currently produces 4,000 MVA worth of transformers annually. Kotsons manufactures transformers up to 35 MVA and 36 kV and now plans to scale up to 110 kV, 132 kV, and 220 kV transformers.

Founded in 1979, Kotsons brings over four decades of sectoral experience and holds UL certifications for dry-type transformers, enabling it to tap into export markets in the USA and Canada.

The acquisition comes at a time when India’s transformer market is expected to grow at a CAGR of 8–10 per cent, reaching Rs 500–600 billion by 2030. This growth is being driven by rising investment in green hydrogen, EV charging infrastructure, data centres, 5G rollout, and railway electrification.

Dr Hitesh Doshi, Chairman and Managing Director of Waaree Group, said, “This acquisition is in line with our vision to offer integrated energy solutions. Transformers are a critical component in solar and renewable energy infrastructure, and this investment will help us scale efficiently.”

Waaree Energies currently operates solar PV manufacturing facilities with a total capacity of 16.7 GW, supplying markets across India and more than 25 countries.

At 3:05 PM on Tuesday, Waaree Energies Limited’s shares were trading at Rs 3,216.30, up Rs 17.20 or 0.54 per cent on the NSE.

Infrastructure Urban

07 Nov 2025

Welspun Enterprises Wins 910 MLD Panjrapur WTP Contract

Welspun Enterprises (WEL), the infrastructure and energy arm of Welspun World, has secured a major contract from the Brihanmumbai Municipal Corporation (BMC) to design, build and operate a 910 million litres per day (MLD) Water Treatment Plant (WTP) at Panjrapur, Maharashtra.Valued at approximately Rs 31.45 billion, the project encompasses end-to-end civil, mechanical, electrical and instrumentation works, including the construction of a treated water sump and pumping station. Of the total value, nearly Rs 11.56 billion is allocated to Operations & Maintenance (O&M), with an additional..

Mitsubishi Power Wins Boiler Upgrade Contract for O Mon 1 Plant

Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, (MHI), has been awarded a contract to support the oil-to-natural-gas fuel conversion at the O Mon 1 Thermal Power Plant in Can Tho, southern Vietnam. As the OEM of the plant’s existing boiler, Mitsubishi Power will supply key equipment—including new gas burners—and implement a selective catalytic reduction (SCR) system to reduce NOx emissions and help the plant meet stricter environmental standards.The O Mon 1 facility includes two 330 MW units that commenced operations in 2009 and 2015, with all major equipment or..

Liebherr’s 10,000th XPower Wheel Loader Joins BERGER’s Fleet

BERGER Rohstoffe GmbH has welcomed the 10,000th Liebherr XPower wheel loader to its operations at the Schlag granite quarry in Passau. The milestone machine, officially handed over at Liebherr’s Bischofshofen plant in May 2025, underscores the long-standing partnership between BERGER, Liebherr, and the Beutlhauser Group. Equipped with Liebherr’s signature power-split travel drive, the new L 580 XPower is already delivering strong results under demanding quarry conditions.At the Schlag quarry, BERGER Rohstoffe processes approximately 200,000 tonnes of Bayerwald granite annually into high-qu..