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Havells India Limited ( (IN:HAVELLS) ) just unveiled an update.
Havells India Limited has announced a strategic minority investment of INR 600 crore in Goldi Solar Private Limited as part of a larger fundraise by Goldi. This investment underscores Havells’ commitment to the rapidly growing renewable energy sector, particularly solar energy, which is expected to see significant growth in India. The move aligns with Havells’ strategy to partner with a large module manufacturer to capitalize on the multi-billion-dollar solar energy opportunity, leveraging government initiatives and favorable economics in the sector.
More about Havells India Limited
Havells India Limited is a leading company in the Fast Moving Electrical Goods (FMEG) industry, focusing on products and solutions for energy generation, storage, distribution, and consumption. The company has a strong presence in the residential rooftop and commercial and industrial segments, particularly in the solar ecosystem with products like inverters, modules, solar cables, and DC switchgears.
YTD Price Performance: -8.61%
Average Trading Volume: 26,031
Current Market Cap: 960.4B INR
Find detailed analytics on HAVELLS stock on TipRanks’ Stock Analysis page.