Waaree Renewable to acquire 55% stake in Associated Power
pre-market1 source ↓written by the desknot a recommendation
- Structures Limited
- ₹1,225 crore
- and a net
- ₹1,226.64 crore
- in FY25
- ₹339.53 crore
Waaree Renewable Technologies Limited has approved the acquisition of a 55% stake in Associated Power Structures Limited for ₹1,225 crore. This strategic move enhances Waaree's integrated clean energy platform, expanding its operations into power transmission and distribution.
• ASPL reported a turnover of ₹1,226.64 crore and a net worth of ₹339.53 crore in FY25.
This acquisition may strengthen Waaree's market position in the renewable energy sector.
Not investment advice. For informational purposes only.