Transrail Lighting Acquires 49% Stake in NOPL Pace Green Energy for ₹20 Crore
Transrail Lighting Limited will acquire a 49% stake in NOPL Pace Green Energy Private Limited for up to ₹20 crore cash. This acquisition marks the company's entry into renewable power generation, focusing on a 990 MW solar portfolio under the PM-KUSUM Scheme. The deal is expected to be completed within 180 days.
The acquisition represents a significant strategic move for Transrail Lighting Limited, marking its diversification into the renewable energy sector and potentially generating recurring revenue streams.
The acquisition is expected to have a positive impact, providing an entry into renewable power generation and creating opportunities for long-term participation and recurring earnings.
Transrail Lighting Limited announced today, October 19, 2026, that its Board of Directors has approved the acquisition of a 49% equity stake in NOPL Pace Green Energy Private Limited. The company will execute a Share Purchase Agreement and other related transaction documents, subject to customary conditions and approvals.
NOPL Pace Green Energy Private Limited, incorporated on April 25, 2024, is developing a 990 MW (AC) solar power portfolio in Maharashtra under the PM-KUSUM Scheme. The project has a long-term Power Purchase Agreement with Maharashtra State Electricity Distribution Company Limited (MSEDCL) for power offtake and has secured project debt financing.
The acquisition, which is expected to be completed within 180 days from the Board's approval, will be for a cash consideration of up to ₹20 crore. This strategic move marks Transrail Lighting's entry into renewable power generation, leveraging its expertise in engineering and project management, and diversifying its business beyond the EPC sector to include recurring earnings potential.
The Target Company's financial statements for the year ended March 31, 2026, show total revenue of ₹10.47 lakh, total expenses of ₹12.67 lakh, and a loss after tax of ₹2.20 lakh. The net worth was ₹1.20 lakh. The acquisition is not a related party transaction, and neither the promoter nor any group companies have an interest in the Target Company.
Upon completion, NOPL Pace Green Energy Private Limited will become an associate of Transrail Lighting Limited. The company anticipates this acquisition will have a positive impact and create opportunities for long-term participation in renewable power generation.
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Transrail Lighting Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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