Waaree Transpower, a manufacturer of power and distribution transformers and a subsidiary of Waaree Energies, will invest ₹1.92 billion (~$20.15 million) in a 500 MVA, 400 kV transformer manufacturing facility.

Waaree Transpower manufactures power and distribution transformers, including inverter duty transformers used in renewable energy applications.

The facility is expected to become operational by April 2027 and will expand the company’s manufacturing capabilities across the 132 kV, 220 kV, and 400 kV voltage classes.

Viren Doshi, Director at Waaree Energies, said the investment reflects the company’s expectations for growth in India’s power infrastructure and demand for high-voltage transformer capacity.

The new facility will allow Waaree to participate in larger power infrastructure projects with higher voltage requirements.

Waaree Transpower has an order book of approximately ₹3.6 billion (~$37.78 million) for execution during fiscal year 2027.

In 2025, Waaree acquired a 64% equity stake in Rajasthan-based power transformer solutions company Kotsons for ₹1.92 billion (~$21.79 million).

In August, Waaree Transpower secured an order worth approximately ₹1.6 billion (~$16 million) to supply 8.3 MVA medium-voltage applications from an undisclosed global energy storage technology and solutions provider.

In January, Waaree Renewable Technologies announced the acquisition of approximately a 55% equity stake in the power transmission and distribution company Associated Power Structures for a total consideration of around ₹12.25 billion (~$133.6 million).

The demand for transformers and other transmission equipment has been rising in India parallelly with the growing renewable energy capacity additions. The government has bee pushing for strengthening the domestic manufacturing industry and reduce the reliance on imports.

Last year, the government identified 73 items used in the power transmission and distribution sector to formulate a comprehensive localization strategy based on criticality, feasibility, and industry readiness. India has been importing these critical items due to technology gaps, limited domestic manufacturing capabilities, or economies-of-scale challenges.