CCI Clears Havells' Stake Buy in Goldi Solar and Vama Inverters LLP

11 Jun 2025 CW Team

The Competition Commission of India (CCI) has approved a proposed combination involving Havells India and Goldi Sun in the solar energy sector.

The transaction includes:

(i) Havells India (HIL) acquiring less than 10 per cent of the issued, subscribed, and paid-up equity share capital of Goldi Solar (the Target); and

(ii) Goldi Sun acquiring 100 per cent partnership interest in Vama Inverters LLP (Vama) and Goldi Energy LLP (Goldi Energy).

Havells India is a diversified manufacturer and seller of electrical products in India, including fans, lighting, switches, accessories, home appliances, switchgear, and solar inverters. It is also involved in the sale of solar modules.

Goldi Solar and its affiliates are engaged in the manufacture and sale of solar modules, as well as the provision of engineering, procurement, and construction (EPC) services in the solar energy sector.

Goldi Sun operates in the manufacture and sale of solar modules in India.

Vama Inverters LLP is involved in the sale of solar inverters, while Goldi Energy LLP offers EPC services for solar projects within the country.

The Commission’s detailed order will be issued in due course.

Infrastructure Transport

06 Feb 2026

Lucknow Metro East-West Corridor Consultancy Contract Awarded

The Uttar Pradesh Metro Rail Corporation has awarded the first construction-related consultancy contract for the Lucknow Metro East West Corridor to a joint venture of AYESA Ingenieria Arquitectura SAU and AYESA India Pvt Ltd. The firm was declared the lowest bidder for the Detailed Design Consultant contract for Lucknow Metro Line-2 under Phase 1B and the contract was recommended following the financial bid. The contract is valued at Rs 159.0 million (mn), covering design services for the corridor. Lucknow Metro Line-2 envisages the construction of an 11.165 kilometre corridor connecting Cha..

Div Com Kashmir Urges Fast Tracking Of Jhelum Water Transport Project

The Divisional Commissioner of Kashmir has called for the fast-tracking of the Jhelum water transport project, urging district administrations and relevant agencies to accelerate planning and clearances. In a meeting convened at the divisional headquarters, the commissioner instructed officials from irrigation, public health engineering and municipal departments to prioritise the project and coordinate survey and design work. The directive emphasised removal of administrative bottlenecks and close monitoring to ensure timely mobilisation of resources and contractors. Officials were told to in..

Interarch Reports Strong Q3 And Nine Month Results

Interarch Building Solutions Limited reported unaudited results for the third quarter and nine months ended 31 December 2025, recording strong revenue growth driven by execution and a robust order book. Net revenue for the third quarter rose by 43.7 per cent to Rs 5.225 billion (bn), compared with Rs 3.636 bn a year earlier, reflecting heightened demand in pre-engineered building projects. The company’s total order book as at 31 January 2026 stood at Rs 16.85 bn, supporting near-term visibility. EBITDA excluding other income for the quarter increased by 43.2 per cent to Rs 503 million (mn),..