Saatvik Green Energy has acquired 80% equity stake in Melcon Transformers and Electricals, a Jaipur-based transformer manufacturer. The Share Purchase Agreement was signed on April 23, 2026. The acquisition is expected to create meaningful synergies with the company's core solar business, including greater supply chain control, better execution efficiency, and the ability to offer more integrated energy solutions to its customers.

The strategic acquisition enables the company to diversify into transformer manufacturing and establish a strong presence in a critical segment of the power value chain. It represents a calibrated step towards becoming a fully integrated energy solutions provider by bridging capabilities across generation, transmission, and execution. The cost of acquisition is Rs 2.4 crore.

Saatvik Green Energy and its subsidiaries are primarily engaged in the manufacturing of Solar Photovoltaic Modules and also provide Engineering, Procurement, and Construction (EPC) services in this regard.