Transrail Lighting Enters Renewable Power Generation

Transrail Lighting Limited announced its Board of Directors has approved the acquisition of a 49% equity stake in NOPL Pace Green Energy Private Limited for ₹20 crore. NOPL is developing a 990 MW solar power portfolio in Maharashtra under the PM-KUSUM scheme, backed by a 25-year Power Purchase Agreement with MSEDCL at a fixed tariff of ₹3.10 per unit. The total project cost is approximately ₹3,900 crore. This strategic investment allows Transrail to leverage its EPC capabilities, diversify beyond its core business, and participate in long-term renewable power generation, with potential to increase its shareholding up to 100%.