Investment18 Apr 2026, 02:31 pm
Shakti Pumps invests 17 Cr in subsidiary for 2.20 GW solar plant
AI Summary
Shakti Pumps (India) Limited has invested 17 Crores in its wholly-owned subsidiary, Shakti Energy Solutions Limited (SESL), on April 17, 2026. This investment is aimed at establishing a greenfield high-efficiency Solar DCR cell and Solar PV modules manufacturing plant in Pithampur, Madhya Pradesh, with a production capacity of 2.20 GW. SESL, incorporated in 2010, currently manufactures solar structures and solar rooftops, reporting a turnover of 216.53 Crores for FY25. The investment is made in consideration of equity shares and is not classified as a related party transaction.
Key Highlights
- Shakti Pumps invested 17 Cr in its wholly-owned subsidiary.
- Funds will establish a 2.20 GW solar cell and module plant.
- Subsidiary, Shakti Energy Solutions, had 216.53 Cr turnover in FY25.
- Investment aims to expand into high-efficiency solar manufacturing.