What is the value of Waaree's acquisition of Associated Power Structures Ltd?

Waaree Renewable Technologies is acquiring a majority stake in Associated Power Structures Ltd for ₹1,225 crore.

When is the Waaree acquisition of ASPL expected to be completed?

The acquisition is expected to be completed by April 30, 2026, subject to agreed conditions.

Why is Waaree Renewable Technologies acquiring Associated Power Structures Ltd?

Waaree is acquiring ASPL to expand beyond renewable power generation into critical grid and transmission infrastructure, transforming into an integrated energy transition company.

Home / Business and Economy / Waaree Expands Power Grid With ₹1,225 Cr Deal

Waaree Expands Power Grid With ₹1,225 Cr Deal

26 Jan

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Summary

Waaree plans to acquire a majority stake in Associated Power Structures.
The deal is valued at ₹1,225 crore for enhanced grid infrastructure.
Completion of the acquisition is targeted by April 30, 2026.

Waaree Expands Power Grid With ₹1,225 Cr Deal

Waaree Renewable Technologies Ltd has announced a significant strategic expansion, with its board approving a ₹1,225-crore deal to acquire a majority stake in Associated Power Structures Ltd (ASPL). This move signifies Waaree's transformation into an integrated energy transition company, extending its reach beyond generation to critical grid and transmission infrastructure.

The acquisition involves purchasing approximately 55 per cent of ASPL through a combination of primary and secondary investments. This is subject to the successful completion of due diligence and standard closing conditions.