Havells invests INR 600 crore in Goldi Solar

Havells India (BSE: HAVELLS) announced a significant investment of INR 600 crore in Goldi Solar Private Limited, a Surat-based manufacturer of solar modules and inverters. This investment, approved on April 14, 2025, is part of a larger funding round by Goldi Solar expected to reach INR 1,300 crore and will give Havells a stake ranging from 8.9% to 9.24%. This strategic move aims to enhance Havells' participation in the rapidly growing renewable energy sector and secure a consistent supply of critical solar components. Havells, already present in the solar ecosystem through sales of related equipment, views this investment as a way to leverage the multi-billion-dollar solar energy generation opportunity. Havells anticipates completing the investment by June 30, 2025, pending regulatory approvals, including clearance from the Competition Commission of India.