Waaree Renewable Technologies Ltd has approved the acquisition of about 55% stake in Associated Power Structures for Rs 12.25 billion. The deal strengthens Waaree’s position in India’s renewable energy sector, enhancing its manufacturing and infrastructure capabilities to meet growing demand for sustainable power solutions.
Waaree Renewable Technologies Ltd, one of India’s leading renewable energy companies, has announced a major acquisition move valued at Rs 12.25 billion. The company will acquire approximately 55% stake in Associated Power Structures, a strategic investment aimed at expanding its footprint in renewable infrastructure and strengthening its supply chain capabilities.
Key highlights from the announcement include
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Waaree Renewable Technologies to acquire 55% stake in Associated Power Structures.
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Acquisition deal valued at Rs 12.25 billion.
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Move expected to enhance Waaree’s renewable energy manufacturing and infrastructure base.
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Strategic investment aligns with India’s push for clean energy and sustainability.
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Deal strengthens Waaree’s ability to meet rising demand for solar and renewable projects.
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Acquisition expected to improve operational efficiency and long-term growth prospects.
Industry analysts view this acquisition as a significant step for Waaree, positioning the company to leverage India’s ambitious renewable energy targets. With the government’s focus on expanding solar and green power capacity, Waaree’s strengthened infrastructure will play a crucial role in supporting large-scale projects.
Sources: Reuters, Economic Times, Business Standard