Shakti Pumps Invests Rs. 7 Crore in Greenfield Solar Manufacturing Plant
Shakti Pumps (India) Limited has announced a significant investment of Rs. 7,00,00,000/- (Rupees Seven Crores Only) into its wholly owned subsidiary, Shakti Energy Solutions Limited. This investment supports the establishment of a greenfield manufacturing plant specializing in high efficiency Solar DCR cells and Solar PV modules.The new facility is planned for Pithampur, Madhya Pradesh, and will boast a substantial production capacity of 2.20 GW, significantly boosting the company's presence in the green energy sector.
Shakti Energy Solutions Limited (SESL), which was incorporated on September 6, 2010, is the core subsidiary benefiting from this capital injection. SESL is already positioned as a manufacturer of Solar Structures and deals in Solar Rooftop solutions, with the expansion aimed at bolstering its manufacturing capabilities.
The investment details were provided alongside operational and financial background information regarding SESL.
In terms of historical financial performance, the turnover of Shakti Energy Solutions Limited shows growth across the previous three fiscal years:
| Fiscal Year | Turnover |
|---|---|
| FY 2025 | Rs. 216.53 Crores |
| FY 2024 | Rs. 139.59 Crores |
| FY 2023 | Rs. 99.15 Crores |
The total cost of this acquisition investment is reported as Rs. 7.00 Crores, which will be made by subscribing to Equity Shares of the Target Entity. The investment falls within the company’s structure as SESL is a Wholly Owned Subsidiary of Shakti Pumps (India) Limited, meaning the transaction does not constitute a Related Party Transaction requiring an arm's length basis calculation.
Stock Price Movement
Shakti Pumps India Ltd settled at ₹573.95 on Friday, edging higher and achieving a notable 7.41% gain for its shares. Throughout the session, the stock traded on a wide range, fluctuating between a low of ₹533.70 and a high of ₹583.60.Source:
Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.
Any views, opinions, or statements expressed, where applicable, are those of the respective analysts or experts and do not reflect the views of this website. The website has no association with such viewpoints and does not assume any responsibility for them.