Waaree Energies Buys 76% Stake in Racemosa for Rs 530 Million

25 Sep 2025 CW Team

Waaree Energies, a leading solar photovoltaic module manufacturer, has acquired a 76 per cent stake in Racemosa Energy India for Rs 530 million. The company announced in an exchange filing that its board of directors approved the deal at a meeting on 18 September.

Founded in 2018, Racemosa Energy India is a Maharashtra-based producer of smart electric meters. Waaree Energies stated that the acquisition aims to integrate smart meters into its portfolio, enhancing its presence across the energy value chain. Following the deal, Racemosa Energy India will become a step-down subsidiary of Waaree Energies.

Earlier this week, Waaree Energies also revealed plans to offload a 14.66 per cent stake in its subsidiary Indosolar Ltd to comply with SEBI’s minimum public shareholding guidelines. The company will sell 6.1 million shares of Indosolar through an offer for sale, at a minimum price of Rs 500 per share. Bidding for non-retail investors took place on 18 September, while retail investors were able to participate on 19 September.

Waaree Energies’ share price has risen nearly 15 per cent over the past month, supported by strong Q1 results and a robust order book.

Infrastructure Urban

06 Apr 2026

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..