LG Electronics India Signs Solar PPAs; Shares Up 1.23%

Mumbai, March 25: LG Electronics India Limited has entered into long-term solar power purchase agreements to transition its manufacturing operations towards renewable energy.

The agreements have been signed with Hinduja Renewables Energy Private Limited and Sunsure Energy, marking the company’s first captive renewable energy initiative in India, the company said in a press release dated March 25, 2026.

Under the arrangement, solar power will be supplied to LG’s manufacturing facilities in Greater Noida and Pune. The company has contracted 9.80 MWp capacity for its Pune facility and 11 MWp for its Greater Noida unit.

This is not just a procurement decision. It signals a structural shift in how the company powers its operations, aligning with its global sustainability roadmap and RE100 commitments.

Stock Market Snapshot

LG Electronics India share price saw a modest uptick following the announcement. As of 15:16 IST on March 25, 2026, the stock was trading at ₹1,513.30, up ₹18.40 or 1.23%, according to exchange data.

The stock opened at ₹1,498.50 and moved within a range of ₹1,490.00 to ₹1,531.50 during the session.

Clean Energy Integration 

The solar PPAs are expected to generate over 3.2 crore units of clean electricity annually, covering a meaningful portion of the company’s energy requirements.

For the Pune facility, the tie-up with Hinduja Renewables is projected to meet more than 40% of its energy needs. Meanwhile, the Greater Noida facility will source around 30% of its power through Sunsure Energy.

Over the lifecycle of the projects, the company estimates a reduction of approximately 0.61 million metric tonnes of carbon emissions.

The structure combines environmental impact with operational efficiency.

Broader Manufacturing Trend

LG Electronics India’s move reflects a wider shift across industrial companies. Clean energy is no longer a peripheral initiative. It is becoming central to cost structures and long-term competitiveness.

By integrating renewable power into its manufacturing ecosystem, the company is positioning itself ahead of regulatory and market expectations.

For investors, the immediate impact may appear limited. But developments like these build a longer-term story around resilience, efficiency and sustainability.

Source: https://nsearchives.nseindia.com/corporate/LGEINDIA_25032026143002_Press_Release.pdf