Waaree Renewable completes ₹1,225 crore acquisition of APSPL
Waaree Renewable Technologies has acquired a 55% stake in Associated Power Structures for ₹1,225 crore, enhancing its transmission capabilities. This strategic investment supports India's clean energy ambitions under the Viksit Bharat 2047 vision.
after close1 source ↓written by the desknot a recommendation
- in Associated Power
- 55% stake
- ₹1,225 crore
Waaree Renewable Technologies has finalized the acquisition of a 55% stake in Associated Power Structures Pvt. Ltd. for ₹1,225 crore. This strategic move aims to enhance its transmission infrastructure and bolster its renewable energy initiatives.
The acquisition positions Waaree to capitalize on India's growing clean energy sector, aligning with the Viksit Bharat 2047 vision. This deal may enhance market sentiment around renewable energy stocks.
Not investment advice. For informational purposes only.