Saatvik Green Energy Limited has acquired an 80% equity stake in Melcon Transformers and Electricals Private Limited, a Jaipur-based transformer manufacturer. The Share Purchase Agreement was signed on April 23, 2026.
Melcon, incorporated in 2005, manufactures transformers used in power transmission and distribution.
Commenting on the development, Prashant Mathur, CEO, Saatvik Green Energy Limited, said:
“India’s energy transition will not be defined by capacity alone, but by the strength of the ecosystem that supports it. At Saatvik, we are building that ecosystem with intent and precision. Our acquisition of Melcon is a strategic step towards deepening our control across the power value chain. By integrating transformer manufacturing, we are not just adding a capability we are enhancing execution speed, ensuring quality assurance, and creating a more resilient and responsive supply chain. Transformers are a critical bridge between generation and consumption. Without robust transmission infrastructure, renewable capacity cannot translate into reliable power. We are consciously evolving from being a solar manufacturer to becoming an integrated energy solutions player one that doesn’t just participate in India’s clean energy growth but actively shapes and enables it at scale.”
The acquisition is expected to enable Saatvik to integrate transformer manufacturing into its operations and expand its presence in power transmission equipment.
India’s renewable energy sector is targeting 500 GW of non-fossil fuel capacity by 2030, with transmission and distribution infrastructure expected to play a key role alongside generation capacity. |
