Samvardhana Motherson acquires 28.15% stake in Hinduja solar SPV for Tamil Nadu

SamvardhanaMotherson International Limited (SAMIL), based in Noida, has approved an equity investment in HR Dhauliganga Private Limited. The special purpose vehicle (SPV) was formed by Hinduja Renewables in December 2024. SAMIL will acquire a 28.15% stake by investing up to INR₹141.3 million (~$1.7 million) in one or more tranches. The investment will support the development of a 50 MWp captive solar power plant in Tamil Nadu. This plant will supply electricity to SAMIL’s operational facilities and help meet compliance requirements under India’s electricity laws for captive power use. The project is expected to cut 1.38 million metric tons of CO₂ emissions over its lifetime. The deal involves no related parties and is scheduled to close by Q2 FY26.