Investment14 Sept 2026, 05:50 pm
Shakti Pumps Invests ₹11 Cr in Subsidiary Shakti Energy Solutions
AI Summary
Shakti Pumps (India) Limited has invested ₹11 Crores in its wholly owned subsidiary, Shakti Energy Solutions Limited (SESL). This investment is to establish 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, had 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 was made in cash through the subscription of equity shares.
Key Highlights
- Shakti Pumps injects ₹11 Cr into its subsidiary, Shakti Energy Solutions.
- Funds will establish a 2.20 GW solar cell and module manufacturing plant.
- The expansion aims to enhance solar energy production capabilities.
- SESL's FY26 turnover was ₹239.11 Crores.
Price Impact
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