SHAKTIPUMPShakti Pumps (India) Limited
Shakti Pumps invests ₹10 crore in a subsidiary building a 2.2 GW solar cell and module plant in Pithampur
- Mergers & acquisitions
- Electronics - Industrial
Shakti Pumps (India) Limited has told the exchanges on 8 Oct 2026 that it has invested ₹10 crore in its wholly owned subsidiary Shakti Energy Solutions Limited (SESL), which is setting up a greenfield high-efficiency solar DCR cell and solar PV module plant in Pithampur, Madhya Pradesh, with a capacity of 2.20 GW. The investment was made in cash by subscribing to equity shares.
SESL was incorporated on 6 Sep 2010, and its turnover for FY26 was ₹239.11 crore. It makes solar structures and rooftop systems and is expanding into cells and modules. The company says no government approvals are needed and that, as a wholly owned subsidiary, the investment is not a related party transaction.
Sign up to continue reading
Create a free account to read the rest of this article and the analysis that follows.
Disclaimer:
The information available on this article is provided for education and informational purposes only. It does not constitute or provide financial, investment or trading advice and should not be construed as an endorsement of any specific stock or financial strategy in any form or manner. We do not make any representations or warranties regarding the quality, reliability, or accuracy of the information provided. This website may contain links to third-party content. We are not responsible for the content or accuracy of these external sources and do not endorse or verify the information provided by third parties. We are not liable for any decisions made or actions taken based on the information provided on this website.
