Invests Rs 10 Cr in subsidiary for new 2.20 GW solar plant in MP
SHAKTIPUMP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.8 pts more than Nifty Microcap 250 and 1.7 pts more than its Compressors Pumps & Diesel Engines peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Shakti Pumps is investing Rs 10 crore in its wholly owned subsidiary Shakti Energy Solutions Limited to set up a greenfield Solar DCR cell and PV modules manufacturing plant in Pithampur, Madhya Pradesh with 2.20 GW capacity. The subsidiary reported revenue of Rs 239.11 crore in FY26, up from Rs 216.53 crore in FY25 and Rs 139.59 crore in FY24. The investment is by subscribing to equity shares in cash and no government approvals are required.
Expands into solar cell and module manufacturing at scale, strengthening long term growth in the renewable energy segment.