Shakti Pumps (India) Limited has informed the Exchange that Company has invested Rs. 5.00 Crores in its wholly owned subsidiary i.e. Shakti Energy Solutions Limited.
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Shakti Pumps (India) Limited has invested Rs. 5 Crores in its wholly owned subsidiary Shakti Energy Solutions Limited (SESL) by way of equity shares. The funds will be used to set up a greenfield Solar DCR cell and Solar PV modules manufacturing plant in Pithampur, Madhya Pradesh, with a large production capacity of 2.20 GW. SESL, incorporated in 2010, is already in the business of solar structures and rooftop solutions, and its turnover has grown strongly from Rs. 99.15 Crores in FY23 to Rs. 139.59 Crores in FY24 and Rs. 216.53 Crores in FY25. No government or regulatory approvals are needed for this investment, and the same is not classified as a related party transaction as SESL is a wholly owned subsidiary.
This is a strategic expansion into large-scale solar cell and module manufacturing, which diversifies the company beyond pumps and strengthens its play in the renewable energy value chain. The 2.20 GW capacity is sizeable and could drive long-term revenue and earnings growth, although the immediate Rs. 5 Cr infusion is a small amount and total project cost will likely be funded in multiple tranches.