Saatvik Green Energy Strengthens Power Portfolio with Key Acquisition
Saatvik Green Energy has acquired an 80% equity stake in Melcon Transformers and Electricals Pvt Ltd., enhancing its role in the power ecosystem. This strategic move aims to boost execution speed, quality assurance, and supply chain resilience by integrating transformer manufacturing into its operations.
- Country:
- India
Saatvik Green Energy announced on Thursday its acquisition of a substantial 80 percent equity stake in Melcon Transformers and Electricals Pvt Ltd, a pivotal player in the power sector based in Jaipur.
The share purchase agreement was signed on April 23, 2026, marking a strategic enhancement of Saatvik's capabilities in energy transmission and distribution. Melcon's diverse product portfolio covers oil-type, dry-type, auxiliary, and energy-efficient transformers, catering to both industrial and utility needs.
Prashant Mathur, CEO of Saatvik Green Energy, highlighted that this acquisition will deepen the company's control across the power value chain, speeding up execution, ensuring quality, and bolstering the supply chain's resilience.
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