Investment18 Apr 2026, 05:51 pm
Shakti Pumps Invests ₹7.00 Cr in Subsidiary for Solar Plant
AI Summary
Shakti Pumps (India) Limited has invested ₹7.00 Crores in its wholly-owned subsidiary, Shakti Energy Solutions Limited (SESL), on April 18, 2026. This investment is for 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, manufactures solar structures and deals in solar rooftops, with a turnover of ₹216.53 Crores for FY25. The investment is made in cash by subscribing to equity shares and does not fall under related party transactions.
Key Highlights
- Shakti Pumps invested ₹7.00 Crores in its wholly-owned subsidiary, Shakti Energy Solutions Limited.
- The investment funds a new 2.20 GW solar cell and PV module manufacturing plant.
- Shakti Energy Solutions Limited reported a turnover of ₹216.53 Crores in FY25.
- The investment is a cash consideration for subscribing to equity shares.
Price Impact
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