Asian Paints
2874 -1.80
Cipla
1523.8 16.30
Eicher Motors
7198.5 -20.00
Nestle India
1276.8 13.60
Grasim Inds
2744 57.20
Hindalco Inds.
800.8 11.45
Hind. Unilever
2425.2 11.10
ITC
402.3 1.50
Trent
4292.4 48.50
Larsen & Toubro
4062 65.30
M & M
3686.4 17.10
Reliance Industr
1569.9 30.20
Tata Consumer
1185.3 7.60
Tata Motors PVeh
359.25 6.80
Tata Steel
169.67 3.34
Wipro
250.19 4.55
Apollo Hospitals
7393 62.50
Dr Reddy's Labs
1248 11.90
Titan Company
3897.7 42.60
SBI
983.9 0.30
Shriram Finance
856.6 18.35
Bharat Electron
415.3 5.05
Kotak Mah. Bank
2103.8 33.90
Infosys
1557.9 27.30
Bajaj Finance
1010.7 24.50
Adani Enterp.
2315 -17.90
Sun Pharma.Inds.
1804.9 28.10
JSW Steel
1154.4 42.40
HDFC Bank
1003.9 14.10
TCS
3162.9 43.70
ICICI Bank
1375 17.20
Power Grid Corpn
275.05 1.60
Maruti Suzuki
16156 267.00
Axis Bank
1290.2 23.90
HCL Technologies
1617.9 16.80
O N G C
247.7 2.35
NTPC
326.1 2.40
Coal India
377.35 7.30
Bharti Airtel
2126.8 -34.80
Tech Mahindra
1520.4 25.70
Jio Financial
308 7.20
Adani Ports
1506.2 22.30
HDFC Life Insur.
787.55 21.00
SBI Life Insuran
2029.1 -1.90
Max Healthcare
1162.6 4.50
UltraTech Cem.
11759 179.00
Bajaj Auto
9164 116.00
Bajaj Finserv
2085.1 54.90
Interglobe Aviat
5913 138.00
Eternal Ltd
306.85 4.55
The purpose of this transaction is to strategically reduce dependence on fossil fuel and move towards green energy. Kundan Solar will set up a 15 MWac solar power plant and Havells plan to enter into a long-term Power Purchase Agreement (PPA) up to 25 years. Under the Electricity Laws, Havells is required to hold a minimum of 26% shareholding to qualify as a captive consumer.
The arrangement will result in savings in power cost at plant locations in Rajasthan with payback within ~12-18 months from date of commissioning of the project.
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