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Atlanta Electricals Limited completed the acquisition of BTW Atlanta Transformers India Pvt. Ltd. on August 11, 2025, adding a new facility in Ankhi, Bharuch, Gujarat with a capacity of 15,000 MVA.
CG Power & Industrial Solutions Ltd announced it will be unable to consummate the transaction to purchase 90% equity shares of BTW-Atlanta Transformers India Pvt Ltd from Baoding Tianwei Baobian Electric Co. Ltd, as the minority shareholder exercised its right of first refusal.
CG Power and Industrial Solutions Limited signed a letter of intent to acquire a 90% stake in BTW-Atlanta Transformers India Private Limited from Baoding Tianwei Baobian Electric Co., Ltd. for INR 1.6 billion (approximately USD 19.2 million).