Solar manufacturer Premier Energies Ltd announced today that its Board of Directors has approved the execution of a Securities Subscription and Shareholders’ Agreement for the subscription of equity shares in Transcon Ind Ltd, a Hyderabad based power transformer manufacturing company. The investment represents 51% of the issued and paid-up equity share capital of Transcon. Following the acquisition of shares, Transcon Ind Ltd will become a subsidiary of Premier Energies Ltd.
Premier Energies Ltd will subscribe to 1,04,082 equity shares of Transcon at a price of INR 48,069 per share (face value of INR 10 per share), for a total consideration of INR 500.3 crore.
Transcon Ind Ltd was incorporated on August 29, 2025, with the primary objective of manufacturing and selling a diverse range of transformers. The company is strategically acquiring, at a fair market value, a partnership firm that has been engaged in the manufacturing and sales of various types of transformers since 2003
This strategic investment marks Premier Energies Ltd’s entry into the power transformer manufacturing segment, enabling the company to establish an immediate presence in a critical part of the power value chain.
“More than just diversification, it represents a calculated leap toward becoming a full-spectrum energy solutions provider by bridging the gap between generation and transmission,” stated the company. “By leveraging the established brand equity, marketing channels, dealer network, and market goodwill of both businesses, the company is well-positioned to rapidly penetrate the market and scale operations efficiently.”
“Furthermore, the acquisition creates strong operational and market synergies with our existing solar module manufacturing business. It enhances our ability to deliver integrated energy solutions and cross-sell products to a broader customer base.”
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