LNK Energy formally announced its launch with a planned investment of ₹10,000 crore over the next five years, positioning itself to capitalise on India’s accelerating clean energy transition. Backed by experienced entrepreneurs and a long-term capital outlook, the company will operate across advanced manufacturing, green fuels, and renewable energy generation.
First Project: 6 GW Integrated Solar Manufacturing Facility
As its first major initiative, LNK Energy will set up a 6 GW solar cell and module manufacturing facility with integrated ingot and wafer production at Chhatrapati Sambhaji Nagar in Maharashtra. Spread across more than 60 acres, the greenfield facility will manufacture high-efficiency solar cells and modules using advanced technologies and global best practices. The company has already signed a memorandum of understanding with the Government of Maharashtra to establish the project.
Strengthening India’s Solar Manufacturing Value Chain
While India has made steady progress in solar module and cell manufacturing, ingot and wafer production remains at a nascent stage, with less than 2 GW of active capacity currently in operation. LNK Energy’s integrated approach aims to bridge this critical gap in the domestic value chain. At the same time, expanding polysilicon capacity and ongoing investments by players such as Reliance are driving momentum in upstream manufacturing.
Experienced Founding Team with Deep Sector Expertise
LNK Energy is co-founded by Paritosh Ladhani, Joint Managing Director of SLMG Beverages, India’s largest Coca-Cola bottler; Dr Kushagra Nandan, Co-Founder, Chairman and Managing Director of REnergy Dynamics (RED) and former Managing Director of SunSource Energy; and Varun Karad, bioenergy entrepreneur and Co-Founder and CEO of RED. Together, the founders bring decades of experience in building and scaling large manufacturing, energy, and infrastructure platforms.
Expanding into Adjacencies and Energy Storage
Beyond core solar manufacturing, LNK Energy plans to gradually expand into key adjacencies such as junction boxes, battery platforms, and energy storage components. Through these initiatives, the company aims to support the development of a robust, end-to-end domestic clean energy ecosystem.
Green Hydrogen to Drive Decarbonisation
Following the establishment of its manufacturing base, LNK Energy also plans to expand into green fuels, with a strong focus on green hydrogen. The company intends to enable decarbonisation of hard-to-abate sectors by deploying scalable, technology-led solutions. In parallel, LNK Energy will develop a renewable energy generation portfolio as an Independent Power Producer (IPP).
As reported by saurenergy.com, the company will also pursue hybrid open access solutions that integrate solar, energy storage, and other renewable technologies. By doing so, LNK Energy aims to create a fully integrated platform spanning manufacturing, green fuels, and operating renewable assets.
Leadership Emphasises Scale, Integration and Execution
Paritosh Ladhani, Co-Founder of LNK Energy, said the company will apply the same execution discipline used in building large manufacturing and supply-chain businesses. He emphasised that scale, quality, and operational rigour are central to LNK Energy’s clean energy manufacturing strategy.
Dr Kushagra Nandan, Co-Founder, added that LNK Energy has been conceived as a long-term institution rather than a short-cycle opportunity. He noted that the company plans to combine scale, technology depth, and capital discipline to create sustainable long-term value.
Varun Karad, Co-Founder, highlighted the importance of integration across manufacturing, green fuels, and renewable power. According to him, LNK Energy’s structure directly addresses this convergence, enabling reliable, scalable, and sustainable energy solutions for industry and the broader economy.
