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Amrut Energy Merges with Mascot Dynamics to Scale Solar Pumps

Amrut Energy's shareholders will receive equity in Mascot Dynamics

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Ahmedabad-based Amrut Energy, a solar water pump manufacturer and renewable energy solutions provider, has announced its merger with Mascot Dynamics, a diversified engineering group operating in India’s oil and gas, chemical, and water infrastructure sectors.

The merged company will operate as “Amrut Energy, a Division of Mascot Dynamics,” with what the company claims is an enhanced ability to scale manufacturing, an expanded market reach, and deeper institutional partnerships.

The merger has been structured to ensure operational continuity, with no disruption to existing customers, suppliers, projects, or channel partner relationships.

Amrut Energy Founder Arvind Patel will join the Board of Directors of Mascot Dynamics and serve as Chief Executive Officer of the Water and Solar Pumping Division. Amrut Energy’s shareholders will receive equity in Mascot Dynamics.

The merger also establishes the Water and Solar Pumping Division within Mascot Dynamics. This division aims to bring together capabilities in engineering, manufacturing, and distribution. It aims to utilize Mascot Dynamics’ capital base and cross-divisional expertise to accelerate growth across domestic and international markets.

The division has an in-house ecosystem for solar panels, submersible and surface pumpsets, and maximum-power-point-tracking pump controllers.

The Water and Solar Pumping Division has shipped over 65,000 solar water pumps and 150 MW plus of solar modules, while installing over 11,000 tank structures to date. The company holds state brand approvals for government-backed programs across 15 states, including Maharashtra, Gujarat, Rajasthan, and Uttar Pradesh.

The division has deployed systems across Saudi Arabia, Oman, Kenya, Mozambique, South Africa, Sri Lanka, Nepal, and Australia.

According to Mascot Dynamics, the transaction completes its four-division structure across industrial pumps and valves, water and solar pumping, gas compression and process skids, and wastewater treatment technology and automation.

Last March, Amrut secured ₹1 billion (~$11.49 million) in funding from private equity investors. The company aims to utilize the investment to expand manufacturing capabilities, drive research and development, and scale operations across underserved regions.

The government’s ambitious program to solarize the agriculture sector met only 27.2% of the 34,800 MW target so far, with the deadline less than four months away. As of October 31, 2025, 9,466 MW of solar capacity has been achieved under all three components of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM), according to data furnished in Parliament by the Minister of State for New and Renewable Energy, Shripad Yesso Naik.

Last December, Hubballi Electricity Supply Company invited bids to set up 108 MW grid-connected solar projects in five districts of Karnataka under the PM-KUSUM – Component C.

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