Shakti Pumps announced that its wholly owned subsidiary, Shakti Energy Solutions Limited (formerly known as Shakti Energy Solutions Private Limited), has been granted 113 acres of land by the Madhya Pradesh Industrial Development Corporation Limited (MPIDC).
The allotted land is strategically located in Smart Industrial Township, Sector-7, Pithampur, Dist. Dhar (M.P.), a hub for industrial growth. This expansion marks a significant step toward enhancing India’s renewable energy sector. The facility will focus on solar cell and PV module manufacturing, utilizing wafers as input material to support sustainable energy solutions.
In the exchange filing, the company shared, “We would like to inform you that the Madhya Pradesh Industrial Development Corporation Limited (MPIDC) has sanctioned 113 Acre land to our wholly owned subsidiary company i.e. Shakti Energy Solutions Limited (formerly known as Shakti Energy Solutions Private Limited). This land is located at Smart Industrial Township, Sector – 7, Pithampur, Dist. Dhar (M.P.). This land will be utilized for setting up a solar cell and PV module manufacturing facility, using wafers as input material.”
With this development, Shakti Pumps reinforces its commitment to Make in India and the Atmanirbhar Bharat initiative. The new manufacturing unit will not only boost domestic production of solar components but also contribute to job creation and the nation’s clean energy mission.
