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 Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..