
Investment12 Jun 2026, 03:00 pm
Shakti Pumps Invests ₹10 Cr in Subsidiary Shakti Energy
AI Summary
Shakti Pumps (India) Ltd has invested ₹10 Crores in its wholly owned subsidiary, Shakti Energy Solutions Limited (SESL). This investment is for setting up 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, reported a turnover of ₹239.11 Crores in FY26 and is expanding its business beyond solar structures and rooftops into cell and module manufacturing. The investment is in consideration of equity shares and is not a related party transaction.
Key Highlights
- Shakti Pumps invests ₹10 Crores in its wholly owned subsidiary.
- Investment to fund a 2.20 GW solar cell and module manufacturing plant.
- SESL's turnover was ₹239.11 Crores in FY26.
- Expansion into advanced solar manufacturing capabilities.
Price Impact
More from SHAKTIPUMP