Lumax Industries Approves Rs. 1.61 Crore Investment in Power Pulse
Filing Summary
Lumax Industries Ltd has announced a strategic investment of up to Rs. 1.61 crores to acquire a 26% stake in Power Pulse Trading Solutions Limited, a subsidiary of Adani Energy Solutions Limited. This investment aims to qualify Lumax as a captive user under the Electricity Act, 2003, for renewable energy generated by Power Pulse’s facilities. Additionally, Lumax plans to establish a new manufacturing plant in Bengaluru with a capital outlay of Rs. 140 crores, targeting new orders from MSIL and Toyota. The plant is expected to be operational by Q4 FY 2026-27.
Lumax Industries Ltd has approved an investment of up to Rs. 1.61 crores to acquire a stake not exceeding 26% in the equity share capital of Power Pulse Trading Solutions Limited (PTSL). This decision was made during the Board of Directors meeting held on November 07, 2025. The investment is part of Lumax’s strategy to qualify as a captive user for renewable energy under the Electricity Act, 2003, and Electricity Rules, 2005. Additionally, Lumax has announced plans to set up a new manufacturing plant in Bengaluru, Karnataka, with a capital expenditure of approximately Rs. 140 crores.
The financial terms of the investment include a cash consideration of up to Rs. 1.61 crores. This investment will enable Lumax to secure a 26% stake in PTSL, which is a power trading arm of Adani Energy Solutions Limited. The investment is intended to facilitate Lumax’s qualification as a captive user, allowing it to utilize renewable energy generated by PTSL’s power plant for its manufacturing facilities located in Haridwar, Pant Nagar, and Sanand (Plant 2).
Operationally, the new manufacturing plant in Bengaluru will cater to new orders from MSIL and Toyota. The plant will be funded through internal accruals and is projected to achieve a peak annualized turnover of approximately Rs. 450 crores once fully operational. The plant will enhance Lumax’s production capabilities and support its expansion into new markets and product lines.
The timeline for the investment in PTSL is expected to be completed within approximately three months. The new manufacturing plant in Bengaluru is anticipated to be commissioned by the fourth quarter of the fiscal year 2026-27. These timelines are crucial for Lumax to align its operational capabilities with market demands and regulatory requirements.
The parties involved in this strategic investment include Lumax Industries Ltd and Power Pulse Trading Solutions Limited, a subsidiary of Adani Energy Solutions Limited. Lumax will acquire a minority stake in PTSL, which is responsible for establishing a renewable energy generating station for captive users in Uttarakhand and Gujarat. This collaboration aligns with Lumax’s objectives to enhance its energy efficiency and sustainability initiatives.
In the context of market relevance, this investment allows Lumax to leverage renewable energy resources, aligning with global sustainability trends and regulatory frameworks. The Electricity Act, 2003, and Electricity Rules, 2005, provide a legal framework for captive power consumption, which is a strategic move for Lumax to reduce its carbon footprint and operational costs. The new plant in Bengaluru further positions Lumax to meet the growing demand from automotive manufacturers like MSIL and Toyota.
Adani Energy Solutions Limited is a prominent player in the energy sector, focusing on renewable energy production and distribution. The company’s strategic initiatives include expanding its renewable energy portfolio and enhancing its capabilities in power trading solutions. This collaboration with Lumax Industries aligns with Adani’s goals to promote sustainable energy solutions.
Lumax Industries Ltd is a leading manufacturer of automotive components, specializing in lighting solutions for the automotive industry. The company’s strategic priorities include expanding its manufacturing capabilities, enhancing operational efficiency, and adopting sustainable energy practices. Lumax’s investment in renewable energy and new manufacturing facilities underscores its commitment to innovation and sustainability in the automotive sector.