Rs 47,000 crore order book: Solar company has completed the acquisition of a 64% equity stake in Kotsons Private Limited (KPL)
DSIJ Intelligence-1 / 08 Oct 2025/ Categories: Mindshare, Trending
The stock is up by 88.2 per cent from its 52-week low of Rs 1,808.65 per share.
Waaree Energies Limited has completed the acquisition of a 64 per cent equity stake in Kotsons Private Limited (KPL) for a total consideration of Rs 192 crore. This follows an initial disclosure made on September 02, 2025, and makes KPL a subsidiary of Waaree Energies effective immediately. KPL, incorporated in 1978, specialises in the design, manufacture, and supply of advanced transformer solutions, including those for renewable energy applications, and has a current production capacity of 4,000 MVA.
The acquisition is a strategic move for Waaree Energies, aimed at achieving vertical integration and market expansion. By acquiring KPL, Waaree gains enhanced control over its supply chain and product quality, along with access to the electrical ecosystem crucial for various projects. The total consideration of INR 192 crores was paid in cash, covering 2.56 crore shares of KPL at a price of Rs 75 per share.
About the Company
Waaree Energies Limited, an Indian Solar energy company, has been a significant player in the global solar industry since its inception in 1990. With an aggregate installed capacity of 15 GW, the company is India's largest manufacturer and exporter of solar PV modules. Waaree's product portfolio includes a diverse range of solar solutions, such as multicrystalline, monocrystalline, and advanced TOPCon modules. The company operates 5 manufacturing facilities in India. Waaree is expanding its facilities to reach 21 GW by 2027, including backwards integration into solar cells, ingot and wafer production.
The company has a market cap of over Rs 95,000 crore. As of March 31, 2025, Waaree Energies Limited boasts a substantial 25-GW or Rs 47,000 Order Book for solar PV modules, including domestic, export, and franchisee orders. The stock is up by 88.2 per cent from its 52-week low of Rs 1,808.65 per share.
Disclaimer: The article is for informational purposes only and not investment advice.