Shakti Pumps (India) Limited has announced an investment of Rs. 10,00,00,000/- (Ten Crores Only) into its wholly-owned subsidiary, Shakti Energy Solutions Limited. This strategic investment will fund the establishment of a new greenfield manufacturing plant for high-efficiency Solar DCR cells and Solar PV modules in Pithampur, Madhya Pradesh. The facility will boast a significant production capacity of 2.20 GW, aligning with the company’s expansion into the renewable energy sector.
Strategic Investment in Renewable Energy
Shakti Pumps (India) Limited has officially disclosed a significant investment of Rs. 10,00,00,000/- (Rupees Ten Crores Only). This capital infusion is directed towards its wholly-owned subsidiary, Shakti Energy Solutions Limited. The primary objective of this investment is to establish a state-of-the-art greenfield manufacturing facility dedicated to high-efficiency Solar DCR cells and Solar PV modules.
New Solar Manufacturing Plant
The new manufacturing plant will be situated in Pithampur, Madhya Pradesh. It is slated to have an impressive production capacity of 2.20 GW. This expansion marks a strategic move for Shakti Pumps to strengthen its presence and capabilities in the rapidly growing solar energy sector. The investment is made on an arms-length basis and does not involve related party transactions.
Financial Details and Subsidiary Background
The consideration for this investment is in the form of equity shares, with an indicative time period for completion stated as ‘Same Day’. Shakti Energy Solutions Limited, incorporated on 06th September, 2010, is a wholly-owned subsidiary of Shakti Pumps (India) Limited. Its primary business includes the manufacturing of Solar Structures and dealing in Solar Rooftops. For the projected financial year FY26, SESL’s turnover is estimated at Rs. 239.11 Crores.
Turnover Projections for Subsidiary
The projected turnover for Shakti Energy Solutions Limited for the upcoming years is as follows:
- FY 2026: Rs. 239.11 Crores
- FY 2025: Rs. 216.53 Crores
- FY 2024: Rs. 139.59 Crores
Source: BSE
