Mumbai, June 03, 2026: Hinduja Renewables Energy Private Limited (HREPL), the renewable energy Company of the Hinduja Group, has signed solar Power Delivery Agreements with Höganäs India Private Limited and Hirschvogel Components India Private Limited. The agreements will support industrial decarbonisation by scaling integrated renewable solutions across India’s manufacturing clusters.
The two PPAs with a combined 14 MWp will be sourced from HREPL’s 35 MWp solar park in Nanded, Maharashtra.
HREPL currently has a diversified 3 GW portfolio across solar, wind, hybrid and storage solutions. The company is executing a roadmap to expand this capacity to 10 GW by 2030 through targeted investments in storage and dispatchable renewable infrastructure. The company is prioritising cluster-based projects that deliver bankable, long-tenured energy partnerships designed for manufacturers seeking sustainability, energy resilience and cost predictability.
HREPL has signed solar Power Delivery Agreements with Höganäs India Private Limited, a world leader in metal powder manufacturing and Hirschvogel Components India Private Limited, a global leader in steel and aluminium forging and machining. These projects are expected to offset of approximately 0.53 million metric tonnes of CO₂e over their operational lifetime. The agreements illustrate HREPL’s strategic focus on building integrated, multi-year industrial partnerships.
Deepak Thakur, MD & CEO, Hinduja Renewables said, “India’s manufacturing trajectory will be defined by the energy choices companies make. At HREPL we are building a 10 GW platform that pairs utility-scale renewable generation with planned 2–4 GWh of battery storage and hybrid solutions to deliver firm, long-tenured supply to industrial customers. By aggregating demand across manufacturing clusters we can cut delivered energy costs by up to 15–20%, improve energy resilience and drive measurable emissions reductions in the order of millions of tonnes of CO₂e over the next decade.”
HREPL has also signed significant industrial renewable partnerships in the past, including a 86 MWp agreement with Lloyds Metals & Energy and a 10 MWp agreement with LG Electronics. These partnerships further reinforce the company’s commitment to enabling large scale industrial decarbonisation through customised renewable energy solutions.
HREPL’s industrial strategy is focused on delivering firm, dispatchable power through a multi-technology platform spanning solar, wind, hybrid and storage solutions. The company aggregates demand across manufacturing micro-clusters to cut costs and accelerate delivery while offering long-tenured partnerships aligned with ESG and operational needs.
About Hinduja Renewables Energy Private Limited
Hinduja Renewables Energy Private Limited (HREPL), part of the Hinduja Group, is one of India’s leading independent power producers with a diversified renewable energy portfolio spanning utility-scale, commercial, industrial and rooftop projects. The company provides integrated renewable energy solutions backed by solar, wind and battery storage infrastructure.
About Hinduja Group
The Hinduja Group is a 111-year-old transnational conglomerate with over 250,000 employees across 100 countries. Founded in 1914 by Late Shri Parmanand Deepchand Hinduja, the Group has evolved into one of India’s most respected diversified business houses, with a leadership in automotive and mobility, banking and financial services, IT and digital solutions, energy and healthcare. Through its enterprises, the Group has contributed to India’s industrial evolution and economic progress while building strong global partnerships and market presence worldwide. Anchored in robust governance, disciplined risk management and long-term value creation, the Hinduja Group is guided by its enduring credo, “My Dharma is to work so that I can give,” reflecting a legacy that combines global enterprise with nation-building and community commitment.
Learn more about Hinduja Group on https://www.hindujagroup.com/ Instagram and Facebook: @HindujaGroup
