Ludhiana, January 13, 2026: Happy Forgings Limited has executed a long-term lease agreement for land required to set up a solar power plant, marking a key step in strengthening its renewable energy infrastructure.
The company has secured land spread across approximately 80 acres in Muktsar district, Punjab, through agreements with multiple local landowners. The lease tenure is for 29 years and 11 months, providing long-term operational visibility for the proposed solar project.
The land acquisition is aligned with Happy Forgings’ previously stated plans to establish a solar power facility, aimed at supporting its manufacturing operations with cleaner and more sustainable energy sources. The arrangement does not involve any equity participation, special rights, or governance-related provisions.
The landowners involved in the transaction are not connected to the promoter group or any group companies, and the agreement does not result in any related-party considerations. There are also no provisions relating to board representation, capital structure changes, or preferential rights under the lease terms.
The company indicated that there are no additional conditions such as termination clauses, amendments, or contingent obligations disclosed at this stage.
About the Company
Happy Forgings Limited is a Ludhiana-based manufacturer of precision-engineered forged and machined components, primarily catering to the automotive and industrial segments. The company supplies to domestic and global original equipment manufacturers and operates multiple manufacturing facilities in Punjab. Its equity shares are listed on Indian stock exchanges under the symbol HAPPYFORGE.Source:
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