Kundan Solar (Pali) Pvt. Ltd., a subsidiary of Kundan Green Energy, has announced a strategic partnership with Havells India Ltd., offering a 26% equity stake for the development of a 21.43 MW DC/15 MW AC captive solar project in Rajasthan. The collaboration marks a significant step in Kundan Green Energy’s renewable expansion efforts and enhances its position as a preferred clean energy partner for industries across India.
Mr. Udit Garg, Managing Director of Kundan Green Energy, said the partnership reflects strong confidence in the company’s ability to deliver scalable and high-quality renewable infrastructure. “The 21.43 MW DC project strengthens our mission to support industries with reliable clean power, helping them reduce their carbon footprint, enhance energy security, and achieve long-term cost stability in their sustainability journey,” he noted.
Havells’ team on this added, “Partnering with Kundan Green Energy aligns with our commitment to expanding clean and cost-efficient power for our plant operations. This project strengthens our long-term sustainability roadmap.”
The project will be executed through a Special Purpose Vehicle (SPV), Kundan Solar (Pali) Pvt. Ltd., responsible for the design, development, installation, and long-term operation of the upcoming 21.43 MW DC /15 MW AC solar plant. With Havells participating both as a captive consumer and equity partner, the project gains additional technical and commercial strength, reinforcing its relevance in India’s growing renewable energy sector.
The total project investment of ₹72.5 crore will be deployed in phases based on key development milestones. The project is expected to be fully completed by May 31, 2026.
As the lead developer, Kundan Green Energy will manage the project end-to-end, including regulatory processes, site execution, and operational management. The company aims to deliver dependable renewable power with consistent performance and quality standards, supporting industrial growth while advancing sustainability and cost efficiency.
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[…] The companies plan to invest ₹72.5 crore in phases, linking each stage to key development milestones. They also expect to complete the entire project by May 31, 2026. Once the plant begins operating, it will significantly contribute to India’s growing demand for clean energy. The initiative is likely to set a strong precedent for future industry-led renewable collaborations. […]