Havells to Buy 26% Stake in Solar SPV for Long-term Captive Power

02 Dec 2025 CW Team

Havells India has approved the acquisition of a 26 per cent stake in Kundan Solar (Pali), a Special Purpose Vehicle (SPV) formed to develop, install, operate and maintain a solar power plant. The investment is aimed at strengthening the company’s transition toward green energy while reducing reliance on fossil fuel–based power.

Kundan Solar will develop a 15 MWac solar power plant, for which Havells plans to enter into a long-term Power Purchase Agreement (PPA) of up to 25 years. As per existing electricity regulations, a minimum 26 per cent shareholding is required to qualify as a captive consumer, prompting the company’s decision to acquire the mandated stake.

The arrangement is expected to help Havells reduce energy costs at its facilities in Rajasthan. The company projects a payback period of approximately 12 to 18 months from the plant’s commissioning, driven by lower tariffs under the captive model and long-term power cost stability.

The move aligns with Havells’ broader sustainability roadmap, which focuses on increasing the share of renewable energy in its operations and reducing its carbon footprint. By partnering with an SPV dedicated to solar development, the company aims to secure reliable, clean energy supply while also mitigating exposure to fluctuating grid tariffs and conventional power costs.

Industry analysts note that more corporations are increasingly adopting captive renewable energy structures to manage energy expenses and meet sustainability commitments. Havells’ investment in the Kundan Solar SPV underscores this growing trend and highlights the company’s intention to integrate long-term green energy solutions across its manufacturing ecosystem.

News source: Business Standard

Infrastructure Transport

12 Jan 2026

Dhalbhumgarh Airport Faces 150-km Rule Hurdle

The issue has resurfaced following a recent statement by Union Civil Aviation Minister Ram Mohan Naidu, who said that under existing aviation policy, a new greenfield airport is generally not permitted within an aerial distance of 150 kilometres of an operational civilian airport. He added, however, that if a formal proposal is submitted, its impact on the existing airport can be examined and relaxations may be considered on a case-by-case basis. While the clarification has revived some hope for Dhalbhumgarh, it has also underlined the scale of the technical challenge facing the project. Unde..

Stakeholders Seek Parallel Ops For Vizag Airports

With road and metro rail links to Bhogapuram still several years away, stakeholders in north Andhra Pradesh have renewed demands to continue civil operations at INS Dega even after the commissioning of Bhogapuram International Airport. The new airport is expected to begin commercial operations from June. Officials said close to 80 per cent of the airport infrastructure at Bhogapuram, including the terminal building and internal approach roads, has already been completed. However, inadequate external connectivity remains a key concern. Making a case for parallel operations, Andhra Pradesh Air ..

Govt To Roll Out V2V Tech To Cut Road Crashes

In an effort to curb road accidents, particularly in low-visibility conditions such as dense fog, the government is set to roll out vehicle-to-vehicle (V2V) communication technology that will allow cars to exchange real-time data and alert drivers to potential dangers. The announcement was made by Union Road Transport and Highways Minister Nitin Gadkari after the 43rd meeting of the Transport Development Council. The technology involves installing an on-board unit (OBU) in vehicles, enabling wireless data exchange between nearby cars. This will allow vehicles to share information such as spee..