Shakti Pumps (India) Limited has informed the Exchange that Company has invested Rs. 3 Crores in its wholly owned subsidiary i.e. Shakti Energy Solutions Limited.
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Shakti Pumps (India) Limited has invested Rs. 3 Crores in its wholly owned subsidiary, Shakti Energy Solutions Limited (SESL), through equity shares. The funds are part of a larger plan to set up a new greenfield plant in Pithampur, Madhya Pradesh, for manufacturing high-efficiency Solar DCR cells and Solar PV modules with a total production capacity of 2.20 GW. SESL, incorporated in 2010, reported turnover of Rs. 216.53 Cr in FY25, up from Rs. 139.59 Cr in FY24 and Rs. 99.15 Cr in FY23, showing strong growth. No government or regulatory approvals are required for the investment, and the transaction is not classified as a related-party transaction.
This signals Shakti Pumps' strategic expansion into solar cell and module manufacturing, potentially diversifying revenue beyond its core pump business. Shareholders should view this as a positive long-term growth move, though execution risk and total project cost (for the 2.20 GW plant) will be key factors to watch in upcoming disclosures.