SWELECT Energy Systems Limited has announced that its wholly owned subsidiary, SWELECT SolarKraft Private Limited, has entered into an agreement to acquire a 49% equity stake in Gridnex Solar Power Private Limited for Rs 4.31 crore in an all-cash transaction. The acquisition will be carried out through a Share Purchase and Shareholders Agreement and is…
Swelect Energy Systems Limited has expanded its renewable energy portfolio in Kerala through the acquisition of a 26.6 MWp solar independent power producer (IPP) asset, marking its first group captive project in the state. The acquisition includes U Solar 4 Asset Co. along with its associated power purchase agreement (PPA). The company said the transaction…
Swelect Energy Systems Limited has approved the acquisition of 100% equity shares of USolar Assetco Four Private Limited, a Karnataka-based solar power company, as part of its expansion in the group captive renewable energy segment. The company’s Investment Committee granted the approval. Following completion of the transaction, USolar Assetco Four will become a wholly owned…
SWELECT Energy Systems Ltd. reported a consolidated profit after tax (PAT) of Rs 57.58 crore for the financial year ended March 31, 2026, compared to Rs 13.98 crore in the previous fiscal year. The company’s board approved the standalone and consolidated financial results for the quarter ended March 31, 2026 (unaudited) and the full financial…
SWELECT Energy Systems Limited has commissioned a 5 MW solar power plant in Tamil Nadu to supply renewable power to the Airports Authority of India (AAI). The ground-mounted solar photovoltaic facility is located across Perumpondi and Nedumpirai Village in Cheyyar Taluk, Tiruvannamalai District. It has been connected to the Sirungattur 110/33-11 KV Tamil Nadu Transmission…
SWELECT Energy Systems Limited has announced the successful commissioning of its newly erected 110/33 kV Pooling Substation (PSS) at Sirungattur in the Tiruvannamalai district of Tamil Nadu. The facility was energised and brought into operation on April 16, 2026. The substation is equipped with a 1 x 50 MVA, 110/33 kV power transformer. It has…