Shakti Pumps (India) Limited has announced an investment of ₹7 crore in its wholly owned subsidiary, Shakti Energy Solutions Limited, as of April 18, 2026.
This investment is aimed at establishing a greenfield solar manufacturing plant in Pithampur, Madhya Pradesh.
The investment by Shakti Pumps is directed towards setting up a high-efficiency Solar DCR cell and Solar PV modules manufacturing plant.
The facility will have a production capacity of 2.20 GW. This strategic move is part of Shakti Energy Solutions Limited's expansion into the solar energy sector, enhancing its capabilities in manufacturing solar structures and rooftop solutions.
Shakti Energy Solutions Limited, incorporated on September 6, 2010, is a wholly owned subsidiary of Shakti Pumps. The company has shown significant growth, with a turnover of ₹216.53 crore for the financial year 2025.
Over the past 3 years, the turnover has increased from ₹99.15 crore in FY 2023 to ₹139.59 crore in FY 2024, indicating a steady upward trajectory.
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This investment does not fall under related party transactions, as Shakti Energy Solutions is a wholly owned subsidiary.
The investment is made in cash by subscribing to equity shares of the subsidiary. The shares will be issued over time, as per the agreement between the entities.
No governmental or regulatory approvals were required for this investment. The transaction was completed on the same day, ensuring a swift execution of the investment plan.
As of April 20, 2026, at 10:12 AM, Shakti Pumps share price on NSE was trading at ₹558.50 down by 2.66% from the previous closing price.
Shakti Pumps' ₹7 crore investment in Shakti Energy Solutions Limited underscores its commitment to expanding its footprint in the solar energy sector. The establishment of a new manufacturing plant in Madhya Pradesh is a significant step in enhancing its production capabilities.
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Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Apr 20, 2026, 2:27 PM IST
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