Rs 13,700 Crore Order Book: Solar Company Completes Rs 250.3 Crore Acquisition of Transcon Ind to Strengthen Operations

In Recent months, Solar panel manufacturing stocks have declined by 12.2 per cent over the past six months, resulting in broader weakness in the sector. In line with this trend, Premier Energies' share price has also declined by 12.47 per cent for the same periods.

Amid this trend, the company has announced a strategic development through the acquisition, aimed at strengthening its operational capabilities and expanding its business presence.

Premier Energies Acquires Majority Stake in Transcon Ind, Secures Subsidiary Status

Premier Energies has completed the second and final tranche of its strategic acquisition of Transcon Ind Limited, increasing its shareholding to 51 per cent of the paid-up equity share capital and securing majority control.

The transaction involved the purchase of 52,073 equity shares allotted on a preferential basis through private placement, for a consideration of Rs 250,30,97,037. With the completion of this tranche, Transcon Ind became a subsidiary of Premier Energies effective April 3, 2026.

The company had earlier disclosed the proposed acquisition in communications dated October 23, 2025 and December 24, 2025, marking the latest step in concluding the transaction process.

Neotrafo Solutions Becomes Step-Down Subsidiary Post Acquisition Completion

Following the acquisition, Neotrafo Solutions India Private Limited, a subsidiary of Transcon Ind, has become a step-down subsidiary of Premier Energies. The company received confirmation from the target entity regarding the completion of the transaction at 10:52 AM (IST) on April 3, 2026.

About Premier Energies

Premier Energies Limited is one of India’s leading integrated manufacturers of high-efficiency solar photovoltaic cells and modules, with installed capacities of 5.1 GW for modules and 3.2 GW for cells. Headquartered in Hyderabad, it serves Independent Power Producers, EPC firms and government institutions across India and select international markets. The company is listed on the NSE and BSE.

The company has a market capitalisation of Rs 41,555 crore and has delivered a strong profit growth of 90.5 per cent CAGR over the past five years. The stock has generated a return of 3.06 per cent over the past year. It has traded within a 52-week range of Rs 684.25 to Rs 1,127.15 and has a face value of Rs 1 per share.

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Disclaimer: The article is for informational purposes only and not investment advice.