In a move designed to capitalize on India’s booming renewable energy sector, Urja Global Ltd has formally joined forces with Solarmint Energies Pvt Ltd. The two companies have inked a Joint Venture agreement aimed at scaling up the manufacturing and retail footprint of solar photovoltaic (PV) modules across the country.
The Core Agreement The collaboration establishes a clear division of labor intended to leverage the specific strengths of each partner. Solarmint Energies—previously operating as Sun N Sand Exim India Pvt Ltd—will serve as the manufacturing engine. They will utilize their existing technical infrastructure and production capabilities to manufacture the hardware.
Meanwhile, Urja Global will take the reins on the commercial front. Utilizing its sprawling sales network and established market presence, the company will handle the branding, marketing, and nationwide distribution of these new modules, which will be sold under the flagship “URJA” label.
Strategic Impact and Terms This partnership is structured to run for an initial tenure of three years, with clauses allowing for extension or renewal upon mutual agreement. The deal represents a significant tactical maneuver for Urja Global, allowing the firm to:
Deepen Market Penetration: By securing a consistent manufacturing partner, Urja can aggressively expand its reach in the solar equipment market.
Enhance Product Portfolio: This venture complements Urja’s existing ecosystem, which already includes Energy Storage, Electric Mobility, and Solar EPC (Engineering, Procurement, and Construction) solutions.
By aligning production with domestic distribution, the alliance also underscores a commitment to supporting India’s push for self-reliance in renewable energy infrastructure.
