Investment12 Oct 2026, 03:56 pm
Shakti Pumps Invests ₹10 Cr in Subsidiary Shakti Energy
AI Summary
Shakti Pumps (India) Limited has invested ₹10 Crores (₹10,00,00,000/-) in its wholly owned subsidiary, Shakti Energy Solutions Limited (SESL). This investment is for establishing a greenfield solar DCR cell and Solar PV modules manufacturing plant in Pithampur, Madhya Pradesh, with a production capacity of 2.20 GW. SESL reported a turnover of ₹239.11 Crores in FY26. The investment was made via cash subscription to equity shares and does not fall under related party transactions.
Key Highlights
- Shakti Pumps injects ₹10 Cr into its subsidiary, Shakti Energy Solutions.
- Investment funds a new 2.20 GW solar cell and module manufacturing plant.
- Subsidiary SESL had FY26 turnover of ₹239.11 Crores.
- Investment is for capacity expansion in renewable energy sector.
Price Impact
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