Announced Fri, 17 Jul · 14:18 IST
Shakti Pumps invests Rs 5 cr more in EV subsidiary, total Rs 70 cr
Business Updates View source PDF
SHAKTIPUMP · price
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Price reaction · full curve 14 horizons · vs prior close
-0.8%1-day move
₹550.50
prior close
₹545.50
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AI summary
Shakti Pumps invested Rs 5 crores in its wholly owned subsidiary Shakti EV Mobility by subscribing 50 lakh equity shares at face value Rs 10. Cumulative investment in the subsidiary is now Rs 70 crores. The subsidiary makes EV motors for two, three and four wheelers plus chargers, and its turnover jumped from Rs 372.73 lac in FY25 to Rs 2,425.41 lac in FY26, about 6.5 times growth.
Likely market impact
Continued capital support for fast growing EV subsidiary. Turnover scaling rapidly signals strong EV demand, though profitability and cash burn at subsidiary are not disclosed.