Author: PPD Team Date: 15/04/2025
Havells India Limited has signed a binding term sheet to invest Rs 6 billion in Goldi Solar Private Limited. This investment is part of Goldi Solar’s proposed fundraise of up to Rs 13 billion, expected to close within 75 days from the announcement.
The move aligns with Havells’ broader strategy to grow its footprint in the renewable energy sector. It aims to offer integrated solutions across energy generation, storage, distribution, and consumption.
Havells is already active in the solar market, supplying inverters, modules, solar cables, and DC switchgears. These are used mainly in residential rooftop and commercial and industrial segments. With policy shifts increasing domestic demand for solar modules, Havells has explored options to establish manufacturing capabilities or form partnerships. The investment in Goldi Solar follows this strategic evaluation.
In March 2025, Goldi Solar launched an AI-powered solar module manufacturing line at its new 14 GW facility in Kosamba, Surat. The plant includes high-speed stringers capable of processing 10,000 cells per hour and automated optical inspection for real-time quality control.