0
By clicking the button, I accept the Terms of Use of the service and its Privacy Policy, as well as consent to the processing of personal data.
Don’t have an account? Signup
Powered by :
Australian Premium Solar (India) Limited has acquired an additional 49% equity stake in Aplus Solar Cell Limited, increasing its shareholding from 51% to 100%. In a regulatory filing, the company said that, after the acquisition, Aplus Solar Cell Limited has become its wholly-owned subsidiary.
Aplus Solar Cell Limited is engaged in the manufacturing of primary cells, primary batteries, rechargeable batteries, and cells containing manganese oxide, mercuric oxide, silver oxide, or other materials.
Australian Premium Solar has acquired the company, which has an authorised share capital of Rs. 5 crore (50,00,000 equity shares of face value Rs. 10 each) and a paid-up share capital of Rs. 2.04 lakh (20,410 equity shares of face value Rs. 10 each). The company reported a turnover of Rs. 1,06,40,973 for FY 2025-26.
The promoter is interested in the acquisition and has transferred their shareholding to the company to make the target company a wholly owned subsidiary. The transaction is being carried out on an arm’s length basis in accordance with applicable laws. The acquisition is expected to further expand the company’s business. Australian Premium Solar has contributed Rs. 99,990 (Rupees Ninety-Nine Thousand Nine Hundred Ninety only) towards the total paid-up capital of Rs. 2,04,100 of the company.
Nikunj Patel, Chairman & Executive Director of Australian Premium Solar India, spoke about the company’s plans to develop battery energy storage system (BESS) projects during an investor call. Discussing opportunities in the BESS market, Patel said that the current policy for megawatt-scale projects mandates up to 20% domestic content.
He said that whenever the company enters a new market, it does not focus on just one segment but takes a diversified approach by participating across multiple areas. He explained that there is a growing demand in the residential market across different states for battery systems paired with solar. To cater to this demand, the company plans to offer 3-kilowatt (kW), 5-kilowatt (kW), and 10-kilowatt (kW) battery systems.
Patel added that the process begins with identifying the land location, followed by obtaining the necessary certifications, ordering machinery, and recruiting staff, particularly research and development (R&D) personnel with expertise in power and electricity. He emphasised that BESS manufacturing involves much more than simply assembling batteries.
He further noted that the battery management system (BMS) and the R&D behind it are critical to the business. According to Patel, many small and medium-sized companies lack promoters or teams with expertise in these control systems, limiting their ability to grow.
However, he said that companies possessing this technical knowledge will grow faster than others. He also highlighted the importance of having a strong brand name and after-sales service. Companies that have been operating for a long time already have an established customer base, distributor network, and existing demand, allowing them to enter the BESS market more easily. For new entrants, Patel said they may have to work two or three times harder than established players. However, he believes there will be ample opportunities in the BESS market.
Drawing from his observations of the Australian market, he said the growth trajectory of BESS is significantly stronger than what the solar sector experienced a decade ago. According to Patel, BESS demand is growing at two to three times the pace that solar did during its early expansion. He concluded that, for companies with the right capabilities, the growth potential in the BESS market will be remarkable.
We are India’s leading B2B media house, reporting full-time on solar energy, wind, battery storage, solar inverters, and electric vehicle (EV)
Quick Links
© 2025 Saur Energy. All Rights Reserved.

source