Whalesbook
Havells India Limited has approved acquiring a 26% stake in Kundan Solar (Pali) Pvt Ltd for ₹5.63 crore to develop a 15 MWac solar power plant. This strategic move aligns with the company's long-term goal to reduce fossil fuel dependence and transition to clean energy. The investment, expected to conclude by June 30, 2026, aims to generate significant savings in power costs at its Rajasthan locations, with a projected payback within 12-18 months post-commissioning in Q2FY26-27.