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The latest announcement is out from Shakti Pumps (India) Limited ( (IN:SHAKTIPUMP) ).
Shakti Pumps (India) Limited has injected Rs. 5 crore into its wholly owned subsidiary, Shakti Energy Solutions Limited, to support the establishment of a greenfield manufacturing plant for high-efficiency solar DCR cells and solar PV modules in Pithampur, Madhya Pradesh, with a planned capacity of 2.20 GW. The move strengthens the group’s vertical integration in solar equipment manufacturing, leverages SESL’s fast-growing turnover, and is expected to enhance its positioning in India’s expanding solar value chain without requiring additional regulatory approvals.
The investment will be made through equity shares in SESL, which currently produces solar structures and rooftop solutions and reported revenue of Rs. 216.53 crore in FY25. By scaling up domestic solar cell and module capacity within the group, Shakti Pumps aims to capture more value from the renewable energy ecosystem and potentially improve cost efficiencies and supply security for its solar-focused offerings.
More about Shakti Pumps (India) Limited
Shakti Pumps (India) Limited operates in the pumps and renewable energy equipment industry, with a focus on solar-powered solutions for agricultural and industrial applications. Its wholly owned subsidiary, Shakti Energy Solutions Limited, manufactures solar structures and rooftop systems and is expanding into solar DCR cells and solar PV module production, reflecting a deeper push into the solar manufacturing value chain.
Average Trading Volume: 110,913
Technical Sentiment Signal: Hold
Current Market Cap: 58.14B INR
For a thorough assessment of SHAKTIPUMP stock, go to TipRanks’ Stock Analysis page.