Waaree Energies Limited , a prominent player in the renewable energy sector, has announced two significant acquisitions aimed at strengthening its market position and expanding its product offerings.

Acquisition of Kotson's Private Limited

Waaree Energies has approved the acquisition of a 64% stake in Kotson's Private Limited (KPL) for ₹192.00 crore. This strategic move is set to bolster Waaree's transformer solutions business and enhance its capabilities in the electrical ecosystem.

Key details of the acquisition include:

• Consideration: ₹192.00 crore in cash
• Share Details: 2.56 crore shares at ₹75.00 per share (face value ₹10.00 per share)
• Completion Timeline: Expected by September 30, 2025, or as agreed by the parties

Kotson's Private Limited, incorporated on April 22, 1978, specializes in designing, manufacturing, and supplying advanced transformer solutions. The company offers a diverse range of products, including Oil Filled, Dry Type, Special Purpose, and Renewable Energy application transformers. KPL's current plant production capacity stands at 4,000 MVA.

Acquisition of Impactgrid Renewables

In a parallel move, Waaree Energies has also approved the acquisition of 100% shareholding in Impactgrid Renewables Private Limited. This entity, previously a step-down subsidiary, is being acquired from Waaree Forever Energies Private Limited, a wholly-owned subsidiary of Waaree Energies.

Details of this acquisition include:

• Consideration: ₹1.00 lakh in cash
• Share Details: 10,000 shares at a face value of ₹10.00 per share
• Completion Timeline: Expected within FY 2025-26

Impactgrid Renewables is described as a newly incorporated, non-operational company in the renewable energy business.

Strategic Implications

These acquisitions align with Waaree Energies' growth strategy and are expected to yield several benefits:

1. Vertical Integration: The KPL acquisition will enable Waaree to integrate transformer solutions into its existing renewable energy portfolio.
2. Market Expansion: Access to KPL's established customer base and product line will help Waaree expand its market reach.
3. Supply Chain Control: The company aims to enhance control over its supply chain and improve product quality through these acquisitions.
4. Diversification: By acquiring Impactgrid Renewables, Waaree strengthens its position in the renewable energy sector.

The Board of Directors approved these acquisitions in a meeting held on September 2, 2025. The company has stated that the KPL acquisition is not a related party transaction, while Impactgrid Renewables was already a step-down subsidiary.

These strategic moves by Waaree Energies demonstrate the company's commitment to growth and its aim to solidify its position in both the transformer solutions and renewable energy markets.

Waaree Energies Ltd has solidified its position as India's leading solar module supplier, capturing a 14% market share in the first half of fiscal year 2025. This achievement comes amidst significant growth in India's solar energy sector, highlighting Waaree's strong performance in a rapidly expanding market.

India's Solar Capacity Growth

India's solar energy sector witnessed substantial growth in the April-June 2025 quarter:

• 4.2 GW of new utility-scale solar capacity added
• 1.3 GW of rooftop installations completed
• Cumulative solar capacity reached 91 GW
• Over 70 GW of additional capacity under development

These figures underscore the country's commitment to renewable energy, with India targeting an ambitious 500 GW of renewable energy capacity by 2030.

Waaree Energies' Market Position

Waaree Energies has established itself as a major player in the solar industry:

• Maintained 14% market share in H1 FY2025
• Global module manufacturing capacity of 16.7 GW
• Domestic cell manufacturing capacity of 5.4 GW
• Secured significant international orders, including 452 MW in the United States

The company's strong manufacturing capabilities and international presence contribute to its leading position in the Indian market.

Industry Outlook

The solar energy sector in India shows promising growth prospects:

• Projected addition of over 30 GW of solar capacity in fiscal year 2026
• Government target of 500 GW renewable energy capacity by 2030

These projections indicate a favorable environment for companies like Waaree Energies to continue expanding their operations and market share.

Stock Performance

Waaree Energies' stock closed at ₹3,392.00, down ₹25.30 or 0.74%. While the share price saw a slight dip, the company's strong market position and the positive outlook for India's solar sector suggest potential for future growth.

As India continues its push towards renewable energy, Waaree Energies' maintained market leadership positions it well to capitalize on the growing demand for solar modules in both domestic and international markets.