Saatvik Green Energy Limited has informed the Exchange about Acquisition
SAATVIKGL · price
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Saatvik Green Energy Limited, a listed solar energy company, has signed a Share Purchase Agreement to acquire 80% equity stake in Melcon Transformers and Electricals Private Limited for INR 24 million in cash. Melcon is a Jaipur-based transformer manufacturer incorporated in 2005, operating from Alwar, with turnover of Rs. 4.17 crore in FY 2025. The deal is expected to complete within 30 days. This acquisition marks Saatvik's strategic shift from pure-play solar generation into integrated energy solutions, allowing it to gain manufacturing capabilities in power transmission equipment — a critical segment of the power value chain. The company expects operational synergies including better supply chain control, improved execution efficiency, and expanded product offerings.
This acquisition diversifies Saatvik's revenue stream beyond solar modules into power equipment manufacturing, potentially creating new growth avenues. The move signals the company's ambition to become an integrated energy solutions provider, which could be viewed positively by investors given India's renewable energy infrastructure push.