Shakti Pumps (India) Limited has informed the Exchange that Company has invested Rs. 17 Crores in its wholly owned subsidiary i.e. Shakti Energy Solutions Limited on April 17, 2026.
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Shakti Pumps (India) Limited has invested Rs. 17 Crores in its wholly owned subsidiary Shakti Energy Solutions Limited (SESL) on April 17, 2026. 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 in 2010, currently manufactures solar structures and rooftop products, with FY25 turnover of Rs. 216.53 Crores showing strong growth from Rs. 99.15 Crores in FY23.
This investment signals Shakti Pumps' strategic expansion into solar cell and module manufacturing, diversifying beyond its existing pump business. The 2.20 GW capacity represents a significant capex move that could drive future revenue growth for the subsidiary and the parent company.