Shakti Pumps Invests ₹12 Crore in Solar Manufacturing Expansion 45 minutes ago
Shakti Pumps (India) Limited has invested ₹12 crore in its subsidiary, Shakti Energy Solutions Limited, to establish a 2.20 GW solar cell and PV module manufacturing plant in Pithampur, Madhya Pradesh. This strategic move marks the company's expansion into the solar energy sector. The investment is made through equity share acquisition in SESL, which has shown strong growth with its turnover increasing from ₹99.15 crores in FY 2023 to ₹216.53 crores in FY 2025. No governmental approvals are required for this investment.