Saatvik Green Energy, a solar manufacturer and EPC provider, has acquired an 80% equity stake in Melcon Transformers and Electricals, a Jaipur-based transformer manufacturer. The Share Purchase Agreement was signed on April 23, 2026.
Melcon, incorporated in 2005, designs and manufactures transformers that enable reliable transmission and distribution of energy. Its portfolio spans oil-type, dry-type, auxiliary, and energy-efficient transformers ranging from 5 kVA to 12,500 kVA (up to 33 kV class), addressing diverse industrial and utility requirements. The company has a strong and consistent repeat order book from leading PSUs and reputed private and listed companies.
“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,” said Prashant Mathur, CEO, Saatvik Green Energy. “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.”
India’s renewable energy sector is witnessing unprecedented growth, driven by government targets of 500 GW of non-fossil fuel capacity by 2030. As the country scales up its green energy infrastructure, reliable power transmission and efficient distribution networks become as important as generation. The acquisition positions Saatvik to participate more broadly in this segment.
Saatvik Green Energy currently operates a 4.8 GW module manufacturing facility in Ambala, Haryana, and is developing a Greenfield integrated manufacturing facility in Odisha with 4 GW of module capacity and 4.8 GW of solar cell capacity.
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