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Havells Insures Growth Strategy With A Stake In Goldi Solar
Mint Kolkata
|April 17, 2025
Power punch Cables, Lloyd and electrical consumer durables together formed over 70% of Havells' 9MFY25 revenue.
Havells India Ltd is buying insurance against a policy-driven supply squeeze in solar components. The consumer electricals major has picked an 8-9% stake in mid-sized solar module maker Goldi Solar for ₹600 crore—securing domestic capacity in a sector where the government is actively curbing import dependence through the BIS regime.
Havells already sells inverters, modules, solar cables, and DC switchgears under its 'others' segment, which contributed ₹1,000 crore—or 6.6%—to 9MFY25 revenues. While still small, the segment's growing relevance makes supply security a strategic call.
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