LG Electronics India signs 25-year solar power deal with Hinduja Renewables and Sunsure Energy; check details

South Korean electronic giant’s Indian arm, LG Electronics India on Wednesday, March 25, 2026, announced that the company has signed a power purchase deal with Hinduja Renewables Energy and Sunsure Energy, according to an exchange filing.

In the BSE filing, the company disclosed that through this deal LG Electronics India will source solar energy from the two companies to power its manufacturing facilities in Pune, Maharashtra, and Greater Noida, Uttar Pradesh, in an effort to reduce its carbon footprint which switching to sustainable manufacturing.

“As part of its commitment to expand clean energy adoption across its manufacturing operations, LGE India, one of India’s leading consumer electronics brands, has signed long-term solar Power Purchase Agreements (PPAs) with Hinduja Renewables Energy Private Limited (HREPL) and Sunsure Energy,” the company informed the stock exchange on March 25.

Solar power deal details

LG Electronics India announced that it signed a 9.8 megawatt peak (MWp) solar power agreement with HREPL for its Pune plant, and a 11 MWp power deal with Sunsure Energy for its Greater Noida manufacturing facility.

The company expects that it will source nearly 3.21 crore units of renewable energy annually for both facilities, collectively offsetting around 0.61 million metric tonnes of CO2e over the project lifetime.

“By integrating clean energy with our production ecosystem, we are not only reducing our carbon footprint but also enhancing the global competitiveness of LGE India’s products,” said Hong Ju Jeon, Managing Director and Chief Sales and Marketing Officer of LGE India in the official statement.

The company further disclosed that the deal will be for a period of 25 years officially beginning from the second quarter of the calendar year 2026.

LG Electronics share price trend

LG Electronics India shares closed 0.76% higher at ₹1,503 after Wednesday’s stock market session, compared to ₹1,491.60 at the previous market close, according to NSE data. The company announced its power deal update in the afternoon market hours on March 25.

Shares of LG Electronics India have given stock market investors 1.23% returns on their investment on a year-to-date (YTD) basis so far in 2026, but the company stock has lost 4.15% in one month. The shares are trading 4.92% lower over the last five market session.

The company’s stock hit its 52-week high level at ₹1,749 on October 14, 2025, while the 52-week low level was at ₹1,325.50 on January 21, 2026, according to the exchange data. The company’s market capitalisation (M-Cap) stood at over ₹1.02 lakh crore as of the stock market close on Wednesday.