Shakti Pumps (India) Limited has announced an investment of ₹7 crore in its wholly owned subsidiary, Shakti Energy Solutions Limited (SESL), to establish a greenfield manufacturing plant. The plant will focus on producing high-efficiency Solar DCR cells and Solar PV modules in Pithampur, Madhya Pradesh, with a production capacity of 2.20 GW.
SESL, incorporated on 6th September 2010, is a subsidiary of Shakti Pumps and specialises in the manufacturing of solar structures and solar rooftops. The turnover of SESL for the financial year 2025 was ₹216.53 crore. The investment does not constitute a related party transaction, as SESL is a wholly owned subsidiary of Shakti Pumps.
The investment will be made in cash by subscribing to equity shares of SESL. The acquisition process is expected to be completed on the same day as the announcement, with no governmental or regulatory approvals required.
SESL’s expansion into manufacturing Solar DCR cells and Solar PV modules aligns with its existing business in solar structures and rooftops. The company has shown consistent growth, with turnovers of ₹216.53 crore, ₹139.59 crore, and ₹99.15 crore for the financial years 2025, 2024, and 2023, respectively.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).