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Shakti Pumps (India) Limited ( (IN:SHAKTIPUMP) ) has shared an update.
Shakti Pumps (India) Limited has infused Rs. 7 crore in its wholly owned subsidiary Shakti Energy Solutions Limited to support a greenfield manufacturing project in Madhya Pradesh. The subsidiary will set up a high-efficiency Solar DCR cell and Solar PV modules plant in Pithampur with a production capacity of 2.20 GW, strengthening the group’s vertical integration in solar equipment and potentially enhancing its competitiveness in India’s rapidly expanding renewable energy market.
Shakti Energy Solutions, incorporated in 2010 and reporting FY25 turnover of Rs. 216.53 crore, already manufactures solar structures and rooftop systems and has shown steady revenue growth over the last three years. The cash investment, executed through equity subscription and completed on the same day, involves no related-party transaction issues or regulatory approvals, streamlining the expansion and offering clearer visibility to investors on the company’s push into higher-value solar manufacturing.
More about Shakti Pumps (India) Limited
Shakti Pumps (India) Limited operates in the industrial pumps and clean-energy equipment sector, with a growing focus on solar-powered solutions for agriculture and other uses. Its wholly owned subsidiary, Shakti Energy Solutions Limited, manufactures solar structures and rooftop systems and is now expanding into Solar DCR cells and Solar PV modules, positioning the group more deeply in India’s solar manufacturing value chain.
Average Trading Volume: 85,132
Technical Sentiment Signal: Buy
Current Market Cap: 65.38B INR
Find detailed analytics on SHAKTIPUMP stock on TipRanks’ Stock Analysis page.