India-based electrical equipment manufacturer Havells India, has recently announced plans to purchase a 26% stake in Kundan Solar to strengthen its long-term clean-energy strategy. Havells India will invest INR 5.63 crore (~$0.62 million) in developing the 15 MW AC PV facility in Rajasthan. The objective is to secure consistent renewable power and reduce energy expenses at its Rajasthan facilities. The installation is slated to be operational in Q2 FY26–27, offering a payback period of 12 to 18 months, as per Havells India. The investment aligns with the firm’s commercial priorities and supports its broader sustainability roadmap focused on long-term energy stability. Havells is planning to sign a long-term PPA of up to 25 years once the plant becomes operational. Earlier this year, the company was showcasing newly introduced solar inverters at REI.