Waaree Energies to Acquire Kamath Transformers in ₹293 Crore Deal

On 19 May 2025, Waaree Energies Ltd, a leading Indian energy solutions provider, announced 2 significant acquisitions aimed at expanding its operational capabilities and reinforcing its presence in the energy sector. 

This strategic decision was approved by the company’s Board of Directors during a meeting held on the same day and disclosed to both the BSE and NSE.

Acquisition of Kamath Transformers Private Limited

The Board approved the acquisition of Kamath Transformers Private Limited, a well-established entity in the transformer manufacturing industry. This move aligns with Waaree’s expansion strategy, offering the potential to integrate critical electrical infrastructure into its existing portfolio. 

Kamath Transformers, incorporated on 23 May 1996, has demonstrated consistent growth over the years, with turnover figures showing a sharp rise from ₹2,573 lakhs in FY 2021-22 to ₹12,268 lakhs in FY 2023-24. The acquisition involves a 100% stake at an approximate cost of ₹293 crores, executed through cash consideration. The transaction is not classified as a related party transaction.

Acquisition of Green New Delhi Forever Energy Private Limited

Additionally, Waaree Forever Energies Private Limited, a wholly owned subsidiary of Waaree Energies Ltd., has acquired Green New Delhi Forever Energy Private Limited. This newly incorporated, non-operational company will serve as a holding entity for specific Independent Power Producer (IPP) projects. 

The acquisition, completed for a nominal cash consideration of ₹1 lakh, involves 10,000 equity shares valued at ₹10 each, with full ownership acquired. This step facilitates a more structured approach to managing and executing targeted power projects under the IPP framework.

Read More: Waaree Energies Share Price Rises; Check What's Driving the Rally

Waaree Energy Share Performance 

As of May 20, 2025, at 9:30 AM, Waaree Energy share price is trading at ₹2,965.20, a surge of 0.57% from the previous closing price. Over the past month, the stock has surged by 21.32%.

Conclusion

The dual acquisition strategy by Waaree Energies Ltd. marks a pivotal moment in its growth journey, enhancing its production capabilities through Kamath Transformers and laying the foundation for dedicated power project management via Green New Delhi Forever Energy. With both transactions expected to be completed in FY 2025-26, these moves reinforce Waaree’s long-term commitment to innovation and leadership in the energy sector.

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