Sandhar buys 26% in Hero Rooftop Energy SPV for solar power use

Sandhar Technologies will acquire a minimum 26% equity stake in Clean Renewable Energy HR 1B Private Limited, a renewable energy SPV associated with Hero Rooftop Energy, for a cash consideration of INR 162.52 Lakhs. The SPV was incorporated in June 2025 and reported nil turnover in FY26. The deal is expected to close within 2 months. Sandhar aims to use the SPV to source solar power for its plants, reduce energy costs, meet customer demand for greener supply chains, and advance its carbon neutrality goals.