Titan Intech Acquires 26% Stake in Kakatiya Energy Systems for Rs. 130 Crore

Titan Intech Ltd has entered a strategic Memorandum of Understanding (MoU) with Kakatiya Energy Systems Private Limited (KES) to acquire 26% stake in the company for Rs. 130 crore. KES, founded in 1999, specializes in manufacturing lighting controls powered by advanced, innovative, and patented technologies. The partnership aims to expand Titan Intech's product portfolio to include advanced lighting controls, solar products and solutions, energy storage products, IoT solutions, and smart city infrastructure. KES will continue to focus on marketing and R&D, while Titan Intech will handle production and O&M services. This partnership will significantly boost Titan Intech’s ability to execute orders worth Rs. 252 crore and deliver state-of-the-art systems nationwide, aligning strategically with the Indian government's recent allocation of Rs. 70,000 crore for similar projects.