Havells India has received approval for investment of Rs 600 crore in Goldi Solar, headquartered in Surat, Gujarat, engaged mainly in the business of manufacturing and supply of solar modules and invertors. The board of directors of the company in its Meeting held on April 14, 2025, has approve the same.
The company already has presence in solar ecosystem through sale of modules, invertors, solar cables and DC switchgears. This is a strategic minority investment to ensure consistent supply of critical solar components like solar modules and cells. As part of conditions precedent to the transaction, the company plans to enter into a master supply and service agreement with Goldi for consistent supply of solar modules and cells.
Havells India is a leading FMEG company (Fast moving electrical goods) with presence across India. Its product range includes Industrial & Domestic Circuit Protection Switchgear, Cables& Wires, Motors, Fans, Power Capacitors, Luminaires for Domestic, Commercial & Industrial applications, Modular Switches etc.
