The ₹500.3 crore acquisition marks Premier Energies’ entry into transformer manufacturing, strengthening its position across India’s renewable energy value chain and enabling integrated power solutions.
Premier Energies Limited, India based renewable energy company, has announced the acquisition of a 51% stake in Hyderabad-based Transcon Ind Limited for ₹500.3 crore.
The move marks Premier Energies’ strategic entry into the transformer manufacturing segment, a vital link in the renewable energy and electrification ecosystem.
Founded in 2003, Transcon Ind Limited is an ISO-certified manufacturer specializing in energy-efficient transformers and stabilizers.
The company’s product line includes solar inverter transformers, distribution transformers, and specialized units for power and industrial applications.
Transcon currently operates with an annual manufacturing capacity of 2.5 GVA, which is set to expand to 4.25 GVA by January 2026 through a ₹40 crore capacity upgrade project.
Additionally, through its subsidiary Neotrafo Solutions India Private Limited, Transcon is establishing a 10 GVA transformer manufacturing facility in Hyderabad with an investment of ₹181 crore. The plant, focusing on MV, HV, and EHV transformers, is expected to commence operations by June 2026.
Speaking on the acquisition, Mr. Chiranjeev Saluja, Managing Director & CEO of Premier Energies Limited, said, “This investment marks our foray into the fast-growing transformer business amid India’s accelerating renewable energy expansion and electrification drive. It enables us to offer integrated and bundled solutions across the power value chain while gradually moving into higher-value transformer segments.”
The acquisition underscores Premier Energies’ broader vision to evolve into a fully integrated clean energy solutions provider — spanning solar generation, power evacuation, and energy storage — reinforcing its commitment to advancing India’s clean energy transition.