Power sector acquisition

Waaree Energies Limited has acquired 100 per cent equity in Kamath Transformers Private Limited and Green New Delhi Forever Energy Private Limited, expanding its footprint in both manufacturing and power project development. The acquisition of Kamath Transformers, valued at approximately Rs 2.93 billion, marks Waaree’s entry into the transformer manufacturing segment. Kamath Transformers was established in 1994 and has since grown into a recognised manufacturer and exporter of power and distribution transformers, inverter duty transformers,…