en.Wedoany.com Reported - Saatvik Green Energy, an Indian solar module manufacturer, has announced the completion of its acquisition of an 80% stake in Melcon Transformers and Electricals.
The company stated that this move integrates power generation with transmission and distribution components, helping to strengthen supply chain control and shorten project execution cycles for solar projects. The acquired company, Melcon, based in Jaipur, was established in 2005 and produces oil-immersed, dry-type, and auxiliary transformers, with a capacity range from 5kVA to 12,500kVA and a maximum voltage rating of 33kV.
"The acquisition of Melcon represents a strategic step in deepening our control over the power value chain. By internalizing transformer manufacturing, we not only add a capability but also enhance execution speed and quality assurance, creating a more resilient supply chain," said Prashant Mathur, CEO of Saatvik Green Energy.
"Transformers are a critical bridge between power generation and consumption. Without a robust transmission infrastructure, renewable energy capacity cannot be converted into reliable electricity. We are transitioning from a solar manufacturer to a comprehensive energy solutions provider, actively participating in and driving India's clean energy growth," he added.
Saatvik currently operates a 4.8GW module manufacturing facility in Ambala, Haryana, and is developing an integrated base in Odisha with a planned annual capacity of 4GW for modules and 4.8GW for cells. This acquisition reflects the trend among Indian developers to mitigate supply chain risks and enhance efficiency through vertical integration.
Other industry peers have taken similar actions recently: in September 2025, Waaree Energies acquired a 64% stake in transformer manufacturer Kotsons; Premier Energies acquired a 51% stake each in transformer manufacturer Transcon and inverter manufacturer KSolare Energy to strengthen its position in the solar manufacturing and power electronics value chain.
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