Shakti Pumps (India) Limited has announced an investment of ₹17 crore into its wholly owned subsidiary, Shakti Energy Solutions Limited. The capital infusion is earmarked for the development of a greenfield manufacturing facility in Pithampur, Madhya Pradesh. This strategic expansion focuses on producing high-efficiency Solar DCR cells and Solar PV modules, aiming for a production capacity of 2.20 GW to support the company’s growing presence in the renewable energy sector.
Strategic Expansion into Solar Manufacturing
On April 17, 2026, Shakti Pumps (India) Limited strengthened its manufacturing footprint by injecting ₹17 crore into its subsidiary, Shakti Energy Solutions Limited. The investment is dedicated to establishing a large-scale, greenfield manufacturing plant located in Pithampur, Madhya Pradesh. This move is designed to scale up the company’s capabilities in the renewable energy space, specifically targeting the production of Solar DCR cells and Solar PV modules with an ambitious total production capacity of 2.20 GW.
Subsidiary Financial Performance
The subsidiary, Shakti Energy Solutions Limited, has demonstrated consistent growth over the last three fiscal years. As of FY 2025, the entity reported a turnover of ₹216.53 crore, a significant increase from ₹139.59 crore in FY 2024 and ₹99.15 crore in FY 2023. This upward trajectory underscores the subsidiary’s operational success in manufacturing solar structures and providing solar rooftop solutions.
Future Outlook
By investing in its own subsidiary, Shakti Pumps aims to vertically integrate its operations and capitalize on the rising demand for domestic solar components. The development of the Pithampur facility marks a pivotal step in the company’s long-term strategy to lead in the sustainable energy market, ensuring reliable supply chains and enhanced manufacturing efficiencies for its future projects.
Source: BSE
