Shakti Pumps invests in new solar manufacturing facility

Shakti Pumps (India) Limited (SPIL) announced an investment of INR 25,00,00,000 in its wholly-owned subsidiary, Shakti Energy Solutions Limited (SESL). This capital infusion, made through equity shares, is directed towards establishing a greenfield high-efficiency solar DCR cell and solar PV modules manufacturing plant in Pithampur, Madhya Pradesh. The new facility is projected to have a production capacity of 2.20 GW.

This strategic investment falls outside related party transactions and does not require government or regulatory approvals. The acquisition process is expected to be completed on the same day as the announcement.

SESL, incorporated on September 6, 2010, specializes in manufacturing solar structures and solar rooftops. The subsidiary's turnover for FY2025 was INR 216.53 Crores, following INR 139.59 Crores in FY2024 and INR 99.15 Crores in FY2023.