LNK Energy announced its launch with a ₹10,000 crore investment commitment over the next five years. Unveiled at the World Economic Forum 2026, the integrated clean energy platform will focus on advanced solar manufacturing, green hydrogen, and renewable power generation to bolster India’s energy security.
LNK Energy, co-founded by Paritosh Ladhani (Joint MD, SLMG Beverages), Kushagra Nandan (Co-founder, REnergy Dynamics), and Varun Karad (bioenergy entrepreneur), aims to bridge critical gaps in India’s renewable supply chain.
While India has seen a surge in solar module assembly, the company’s first project focuses on deep backward integration—producing the ingots and wafers that are currently largely imported.
Solar project:
The maiden project is a 6 GW solar cell and module manufacturing facility with integrated ingot and wafer production. Spread over 60 acres in Chhatrapati Sambhaji Nagar, Maharashtra, the project has already secured a Memorandum of Understanding (MoU) with the state government. The first phase involves an investment of ₹1,200 crore, funded through a 70:30 debt-to-equity ratio.
Green hydrogen:
While solar manufacturing is the immediate priority, the company is playing the long game. Co-founder Kushagra Nandan confirmed that LNK Energy eyes a foray into green hydrogen and green ammonia in the next 3–5 years. This delay is intentional, allowing for the domestic supply chain to mature and for global technology to stabilize before the company scales its operations in this high-potential segment.
“The future of energy lies in integration—where manufacturing, green fuels, and renewable power work together. LNK Energy has been structured to address exactly this convergence, using advanced technologies to deliver reliable, scalable, and sustainable energy solutions for industry and the economy,” said Karad.
Independent power portfolio:
Beyond manufacturing, the platform is designed to operate as an independent power producer (IPP). The company intends to build a renewable energy generation portfolio including hybrid and open-access solutions. The vertically integrated model—from manufacturing the components to generating the power and eventually producing green fuels—is intended to provide a competitive edge in cost and reliability.
Supply chain and governance:
The founders emphasized an institutional mindset focused on execution discipline and global quality standards. Addressing the industry’s reliance on China, the leadership noted they are adopting a diversified sourcing strategy, collaborating with technology providers from Germany, Taiwan, and Malaysia to mitigate supply chain risks.
