Shakti Pumps Invests Rs. 17 Crore in Subsidiary for 2.20 GW Solar Manufacturing Plant
Shakti Pumps (India) Limited has announced a strategic investment of Rs. 17,00,00,000/- (Rupees Seventeen Crores Only) into its wholly owned subsidiary, Shakti Energy Solutions Limited. This funding was completed on April 17, 2026, to support the establishment of a major manufacturing facility dedicated to green energy technologies.The investment aims to set up a greenfield high efficiency Solar DCR cell and Solar PV modules manufacturing plant in Pithampur, Madhya Pradesh. The new facility boasts a substantial production capacity of 2.20 GW.
Shakti Energy Solutions Limited (SESL) is the subsidiary receiving the investment. Incorporated on September 6, 2010, SESL is involved in the manufacturing of Solar Structures and deals in Solar Rooftop solutions, while simultaneously expanding into the production of Solar DCR cells and Solar PV modules.
The financial history of the subsidiary shows consistent growth in the sector. Below is a summary of its turnover for the last three financial years:
| Financial Year | Turnover (INR) |
|---|---|
| FY 2025 | Rs. 216.53 Crores |
| FY 2024 | Rs. 139.59 Crores |
| FY 2023 | Rs. 99.15 Crores |
The capital infusion, costing Rs. 17.00 Crores, will be made in consideration of Equity Shares, strengthening the subsidiary's capabilities for its expansion into large-scale solar manufacturing.
SHAKTIPUMP Stock Price Movement
On Friday, Shakti Pumps (India) Limited shares edged higher to close at ₹573.75, finishing the session up 7.66%. The stock traded through a range between ₹536 and ₹583.85, with total volume reaching 4.88 million shares.Source:
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