Waaree expands EPC footprint through $129 million acquisition
after close1 source ↓written by the desknot a recommendation
- in Associated Power
- 55% stake
- US$129 million
- ₹12.25 billion
Waaree Renewable Technologies Limited has acquired a 55% stake in Associated Power Structures Private Limited for ₹12.25 billion (US$129 million). This acquisition enhances Waaree's capabilities in the fabrication and EPC contracting of transmission and telecom towers, aligning with its Waaree 2.0 vision to deliver comprehensive solutions. The move is expected to strengthen its position in the renewable energy sector.
Not investment advice. For informational purposes only.