Premier Energies announces two strategic acquisitions, stock gains over 1%; check details

On Thursday, October 23, the company acquired a majority 51% stake in Transcon Industries for ₹500.3 crore, entering transformer manufacturing. This acquisition marks Premier Energies’ first move into the transformer segment, aligning with its strategy to broaden its industrial footprint.

The acquisition is expected to be completed within 90 days from the date of execution of the share subscription & shareholders’ agreement, subject to satisfactory completion of preconditions.

Incorporated in August 2025, Transcon Ind Limited is a Hyderabad-based firm engaged in the manufacturing and selling of a diverse range of transformers.

The strategic acquisition enables the company to diversify into power transformer manufacturing and immediately establish a presence in this critical segment. Beyond diversification, it marks a deliberate step toward becoming a comprehensive energy solutions provider, bridging the gap between power generation and transmission.

By leveraging the combined brand reputation, marketing channels, dealer networks, and market goodwill of both businesses, the company is well-equipped to accelerate market penetration and scale operations efficiently.

Additionally, the acquisition generates strong operational and market synergies with our existing solar module manufacturing business, enhancing our capacity to offer integrated energy solutions and cross-sell products to a wider customer base.

In a separate filing on Thursday, October 23, with an aim to expand the firm's portfolio of renewable energy (RE) business, Premier Energies announced a foray into the solar inverter segment, acquiring a 100% stake of KSolare Energy for ₹170 crore in a joint venture partnership.

In a statement, the company said it has entered into definitive agreements with Syrma SGS Technology to acquire the entire ownership of KSolare Energy in the ratio of 51:49. With the acquisition, Premier Energies has forayed into the fast-growing residential solar inverter segment with the JV partner. The acquisition has been made for a consideration of ₹170 crore.

Premier Energies MD & CEO Chiranjeev Saluja said along with the JV partner, the company aim to leverage the opportunities in the domestic rooftop segment.

"Together with SYRMA SGS, we aim to make high-quality made in India inverters accessible to every rooftop installation under the government's PM Surya Ghar Muft Bijli Yojana initiative," he said.

The joint venture also plans to set up a new brownfield manufacturing facility in Pune to scale up production capacity to one million inverters annually.

Premier Energies share price

At 1:46 PM, shares of Premier Energies were trading 0.49% higher at ₹1,068.50 per equity share on the National Stock Exchange (NSE).

In the past five trading sessions, Premier Energies’ shares have inched up 0.57% and gained 2.33% over the past month. Over the last six months, the stock has advanced 3.06%, while on a year-to-date basis, it is down 19.78%.

The shares hit a 52-week high of ₹1,388 on December 17, 2024, and a 52-week low of ₹774.05 on April 7, 2025. As of October 24, Premier Energies’ market capitalisation stood at ₹48,406.98 crore.