Investment14 Jul 2025, 12:30 pm
Shakti Pumps Invests Rs. 12 Crores in Wholly Owned Subsidiary Shakti Energy Solutions
AI Summary
Shakti Pumps India Ltd. has invested Rs. 12,00,00,000 in its wholly owned subsidiary, Shakti Energy Solutions Limited (SESL), for the establishment of a greenfield high efficiency solar DCR cell and solar PV modules manufacturing plant in Pithampur, Madhya Pradesh. The plant will have a production capacity of 2.20 GW. SESL, incorporated on 06 September, 2010, had a turnover of Rs. 216.53 crores in FY25. The investment does not fall under Related Party Transaction and will be made in consideration of Equity Shares. The company is a manufacturer of Solar Structures and Solar Rooftop and others.
Key Highlights
- Shakti Pumps invests Rs. 12 Crores in its wholly owned subsidiary, Shakti Energy Solutions Limited.
- Investment aims to establish a greenfield high efficiency solar DCR cell and solar PV modules manufacturing plant in Pithampur, Madhya Pradesh.
- The plant will have a production capacity of 2.20 GW.
- Shakti Energy Solutions Limited had a turnover of Rs. 216.53 crores in FY25.
- The investment does not fall under Related Party Transaction and will be made in consideration of Equity Shares.