Transrail Lighting to acquire 49% stake in NOPL Pace Green Energy

Transrail Lighting Limited's Board of Directors has approved the acquisition of a 49% equity stake in NOPL Pace Green Energy Private Limited. The target company is engaged in the generation of power and is developing a solar power portfolio of approximately 990 MW (AC) under the PM-KUSUM Scheme. The acquisition is expected to provide strategic benefits including entry into renewable power generation, leveraging existing expertise, participation across the value chain, and diversification beyond the EPC business. The transaction is subject to customary conditions and approvals. The target company had a total revenue of ₹1,046.85 thousand and a net loss of ₹220.26 thousand for the financial year ended March 31, 2026.