Investment24 Mar 2026, 05:34 pm
Shakti Pumps Invests Rs 5.00 Crores in Wholly Owned Subsidiary Shakti Energy Solutions Limited
AI Summary
Shakti Pumps (India) Limited has invested Rs. 5,00,00,000/- (Rupees Five Crores Only) 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, with a production capacity of 2.20 GW. SESL, incorporated on 06th 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 was incorporated on 06th September 2010 with a increasing turnover over the past 3 years.
Key Highlights
- Shakti Pumps invests Rs 5.00 Crores in its wholly owned subsidiary, Shakti Energy Solutions Limited.
- Investment for establishing a greenfield high efficiency Solar DCR cell and Solar PV modules manufacturing plant in Pithampur, Madhya Pradesh.
- SESL had a turnover of Rs. 216.53 Crores in FY25.
- Investment does not fall under Related Party Transaction.
- Investment will be made in consideration of Equity Shares.