Investment6 Jan 2026, 05:43 pm
Shakti Pumps Invests Rs. 3 Crores in Wholly Owned Subsidiary Shakti Energy Solutions Limited
AI Summary
Shakti Pumps (India) Limited has invested Rs. 3,00,00,000/- (Rupees Three Crores Only) in its wholly owned subsidiary i.e. Shakti Energy Solutions Limited (SESL). The investment will be used 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 on 06% September, 2010, had a turnover of Rs. 216.53 Crores in FY25.
Key Highlights
- Shakti Pumps invests Rs. 3 Crores in its wholly owned subsidiary Shakti Energy Solutions Limited
- Investment will be used to establish a 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 the Related Party Transaction