Havells India, a prominent player in the fast-moving electrical goods (FMEG) sector, has announced a strategic minority investment of Rs 600 crore in Goldi Solar, marking a significant step toward its commitment to renewable energy segment. The investment is part of a broader fundraise of up to Rs 1,300 crore by Goldi, expected to be completed within the next 75 days.

The move underscores Havells’ intent to align with energy transition, which it sees as a natural adjacency to its existing business segments involving energy generation, storage, distribution, and consumption. By investing in Goldi Solar, Havells not only diversifies its portfolio but also positions itself to participate actively in India’s clean energy future. The strategic collaboration between the two companies is set to create synergies that will enable the development of integrated solar solutions and help accelerate the adoption of renewable technologies across the country. 

The Indian renewable energy capacity is projected to grow at a CAGR of 16 percent through 2030, potentially reaching 500 GW - about 64 percent of the total projected energy capacity. Of this, solar energy is expected to contribute around 300 GW, making it a key focus area for growth.