Marsons shares jump 15% on NSE after JV with Cleanhill Partners

The stock’s upward movement followed an exchange filing announcing a joint venture between Marsons and New York-based private equity firm Cleanhill Partners. The partnership aims to accelerate transformer distribution, service, and manufacturing operations across the United States and Canada by combining Marsons’ engineering and manufacturing strengths with Cleanhill’s market access, capital, and operational expertise. A long-term goal includes establishing full-scale transformer production in North America to meet rising demand from grid modernization, renewable energy projects, and data centre infrastructure.

Cleanhill Partners, which focuses on power generation, energy storage, grid modernization, and domestic manufacturing, recently sold EPC Power, a designer of power conversion systems for data centres and microgrids. The firm’s managing partners highlighted Marsons’ proven US market execution and engineering capabilities as key to the venture’s potential.

Marsons Limited, based in Eastern India, is the only EHV power transformer manufacturer in the region and the largest by installed capacity. It operates a 45,000 square-metre facility with a current annual capacity of 12,000 MVA, undergoing expansion to 26,000 MVA.

In recent trading, Marsons shares have gained 11.28% over the past week but remained nearly flat over the past month with a slight decline of 0.29%. On a year-to-date basis, the stock is down 7.28%, reflecting weaker performance despite the latest recovery.