Investment Details
Shakti Pumps (India) Limited has invested ₹10,00,00,000 (Rupees Ten Crores Only) in its wholly owned subsidiary Shakti Energy Solutions Limited. The investment was made through cash consideration by subscribing to equity shares of the target entity.
Subsidiary Information
Shakti Energy Solutions Limited (SESL) is a wholly owned subsidiary incorporated on September 6, 2010. The company manufactures solar structures and deals in solar rooftop solutions, and is expanding into manufacturing of Solar DCR cells and Solar PV modules.
Project Details
The investment will fund the establishment of a greenfield high efficiency Solar DCR cell and Solar PV modules manufacturing plant in Pithampur, Madhya Pradesh. The plant will have a production capacity of 2.20 GW.
Financial Performance of Subsidiary
The turnover of Shakti Energy Solutions Limited for the previous three financial years:
- FY 2026: ₹239.11 Crores
- FY 2025: ₹216.53 Crores
- FY 2024: ₹139.59 Crores
Transaction Characteristics
The investment does not qualify as a related party transaction since SESL is a wholly owned subsidiary. No government or regulatory approvals were required for this acquisition. The transaction was completed on the same day (October 8, 2026).