Premier Energies has forayed into transformer manufacturing by acquiring a majority 51 percent stake in Transcon Industries for a total consideration of Rs 500.3 crore. The acquisition is a key milestone in its strategy to become a fully-integrated clean energy solutions provider.
The acquisition of Transcon, which manufactures a wider range of transformers, including solar and distribution, will help Premier Energies move further downstream, offering integrated and bundled solutions to power producers, DISCOMs, and industrial customers, while shifting focus toward the higher-value medium voltage, high voltage, and extra high voltage segments over time.
By entering the transformer segment, the company strengthens its position across the renewable energy value chain and reinforces its role as a strategic enabler of India's clean energy transition.
Premier Energies is an integrated solar cell and module manufacturer. In addition, to manufacturing solar cells and modules, it provides engineering, procurement and construction (EPC) solutions, operations and maintenance (O&M) services and also operate as an independent power producer (IPP).
| Company Name | CMP |
|---|---|
| Redington | 226.00 |
| Adani Enterprises | 2257.00 |
| Amrapali Industries | 17.30 |
| Rashi Peripheral | 476.95 |
| PDS | 290.80 |
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