Waaree Renewable to Acquire 55% Stake in Associated Power Structures for ₹1,225 Cr

• Waaree Renewable Technologies Ltd will acquire approximately 55% stake in Associated Power Structures Ltd (ASPL) for an estimated ₹1,225 crore.
• The acquisition aims to strengthen Waaree Renewable's presence in the power transmission and distribution sector.
• ASPL, established in 1996, specializes in power transmission and distribution infrastructure.
• The transaction involves a mix of primary capital infusion and secondary share purchase, making ASPL a subsidiary of Waaree Renewable.
• Waaree Renewable reported strong Q3 FY26 results with a 125% YoY profit jump to ₹120.19 crore and revenue surge of 136% to ₹851.06 crore.

Why It Matters: Waaree Renewable is expanding into power transmission and distribution with a significant ₹1,225 crore acquisition of ASPL.