Shakti Pumps (India) Limited has invested ₹5,00 Crore into its wholly-owned subsidiary, Shakti Energy Solutions Limited (SESL). This capital infusion is dedicated to establishing a large-scale greenfield manufacturing plant for high-efficiency Solar DCR cells and PV modules in Pithampur, Madhya Pradesh. The facility boasts a significant production capacity of 2.20 GW, marking a major strategic push into advanced solar component manufacturing. The investment was made on an arm’s length basis and completed on the same day.
Strategic Capital Infusion for Solar Expansion
Shakti Pumps (India) Limited (SPIL) announced a significant investment totaling Rs. 5,00,00,000/- (Rupees Five Crores Only) into its wholly owned subsidiary, Shakti Energy Solutions Limited (SESL). This transaction, completed on March 24, 2026, is aimed at vertical integration and capacity enhancement within the renewable energy sector.
New Green Energy Manufacturing Facility
The core purpose of this funding is the establishment of a greenfield, high-efficiency manufacturing plant for Solar DCR cells and Solar PV modules. This facility will be located in Pithampur, Madhya Pradesh, and is set to have a substantial production capacity of 2.20 GW. This move significantly expands SESL’s existing business, which previously focused on Solar Structures and Solar Rooftop systems.
Transaction Details and Rationale
The consideration for the investment was made via the issuance of Equity Shares. As SESL is a wholly-owned subsidiary, the investment does not constitute a related party transaction requiring separate promoter interest disclosures, confirming it was executed on an arm’s length basis. The acquisition of shares is structured to be issued over time as per the agreement, reflecting the phased implementation of the new manufacturing unit.
Financial Background of the Subsidiary (SESL)
Shakti Energy Solutions Limited, incorporated on September 06, 2010, has shown robust growth in its turnover over the last three fiscal years:
- FY 2025: Rs. 216.53 Crores
- FY 2024: Rs. 139.59 Crores
- FY 2023: Rs. 99.15 Crores
The turnover for FY 2025 reached Rs. 216.53 Crores, demonstrating strong underlying momentum ahead of this strategic capacity expansion.
Source: BSE
