Shakti Pumps invests ₹11 crore in 2.20 GW solar plant in Pithampur
- Shakti Pumps invests ₹11 crore in wholly owned subsidiary Shakti Energy Solutions
- New greenfield plant to produce high-efficiency Solar DCR cells and PV modules
- Facility located in Pithampur, Madhya Pradesh with 2.20 GW production capacity
- Subsidiary revenue grew from ₹139.59 crore in FY24 to ₹239.11 crore in FY26
*this image is generated using AI for illustrative purposes only.
Shakti Pumps has invested ₹11 crore in its wholly owned subsidiary Shakti Energy Solutions to establish a 2.20 GW greenfield solar cell and PV module manufacturing facility in Pithampur, Madhya Pradesh.
Investment details
The capital infusion is directed toward building a dedicated manufacturing plant for high-efficiency Solar DCR cells and photovoltaic modules. The facility, located in Pithampur, Madhya Pradesh, will be housed under Shakti Energy Solutions Limited (SESL), a wholly owned subsidiary of Shakti Pumps (India) Limited.
The investment was made via cash consideration by subscribing to equity shares of the target entity. The transaction does not fall under related party transactions as SESL is a wholly owned subsidiary.
Subsidiary performance
Shakti Energy Solutions Limited, incorporated on September 6, 2010, manufactures solar structures and deals in solar rooftop solutions. The subsidiary has shown consistent revenue growth over the past three years.
| Fiscal Year | Revenue |
|---|---|
| FY26 | ₹239.11 crore |
| FY25 | ₹216.53 crore |
| FY24 | ₹139.59 crore |
Key highlights
| Parameter | Details |
|---|---|
| Investment amount | ₹11 crore |
| Subsidiary | Shakti Energy Solutions Limited |
| Ownership | Wholly owned subsidiary |
| Facility type | Greenfield Solar DCR cell and PV module factory |
| Planned capacity | 2.20 GW |
| Location | Pithampur, Madhya Pradesh |
| Regulatory approvals | None required |
The investment underscores Shakti Pumps' push into solar energy manufacturing through its subsidiary. With a planned capacity of 2.20 GW, the new facility is positioned to support the broader solar energy supply chain, covering both solar cell and PV module production.
Historical Stock Returns for Shakti Pumps
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.17% | -4.91% | -8.83% | -5.91% | -42.43% | +278.46% |
How will the ₹11 crore initial capital infusion scale to support the full construction and operationalization of the 2.20 GW facility?
What is the expected timeline for commissioning the Pithampur plant, and how does it align with India's broader renewable energy capacity targets?
Will Shakti Energy Solutions secure long-term offtake agreements with major solar developers or government bodies to ensure demand for the new 2.20 GW capacity?
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