Titan Intech Ltd has signed a Memorandum of Understanding (MoU) with Kakatiya Energy Systems Pvt Ltd (KES) to acquire a 26 per cent stake in the company.
KES specialises in utilising patented sensing technology for outdoor lighting automation, providing innovative lighting controls aimed at energy conservation.
The collaboration will enable Titan Intech to expand its product offerings to include advanced lighting controls, solar products, energy storage solutions, IoT applications, and smart city infrastructure.
Sunil Ghanathe, Director of Titan Intech, noted that this partnership would support multiple sectors, including education, power, and oil & gas.
KES will focus on marketing and R&D, continuing to innovate for both domestic and international markets. Titan Intech’s R&D team will collaborate closely with KES to develop and implement these new products.
This partnership is timely, coinciding with the Indian government’s allocation of Rs 70,000 crore for projects under the Prime Minister Fasal Bima Yojana.
With KES’s expertise, Titan Intech aims to capitalise on this opportunity and enhance its capacity to fulfil significant orders, including a Rs 360 crore project for weather monitoring systems.
