SWELECT Energy Acquires 100% Sushma Solar for ₹2.27 Cr

SWELECT Energy Systems Limited announced the acquisition of 100% equity shares of Sushma Solar Energy Private Limited for a cash consideration not exceeding ₹2.27 Crore (₹2,27,24,000). Sushma Solar, incorporated in May 2025 with minimal initial capital and no prior turnover, will become a wholly-owned subsidiary. The acquisition aims to establish a solar power plant under a group captive scheme, with an initial capacity of 50 MW. This move is expected to increase consolidated turnover, strengthen market presence in Western India, enhance operational efficiencies, and expand SWELECT Energy's renewable energy capabilities.