Shakti Pumps (India) Limited has made an investment of ₹11,00,00,000 (Rupees Eleven Crores Only) in its wholly owned subsidiary, Shakti Energy Solutions Limited (SESL).
The investment was made through cash consideration by subscribing to equity shares of the target entity. The acquisition was completed on the same day as the investment (05/09/2026).
Subsidiary Details
Shakti Energy Solutions Limited is a wholly owned subsidiary incorporated on 06th September, 2010. The company operates in the solar energy sector, manufacturing solar structures and dealing in solar rooftop solutions, and is now expanding into manufacturing of Solar DCR cells and Solar PV modules.
Financial Performance of Subsidiary
- FY 2026 Turnover: ₹239.11 Crores
- FY 2025 Turnover: ₹216.53 Crores
- FY 2024 Turnover: ₹139.59 Crores
Project Details
The investment is for establishing 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.
Transaction Details
The investment does not qualify as a related party transaction since SESL is a wholly owned subsidiary of Shakti Pumps. No government or regulatory approvals were required for this acquisition. The equity shares will be issued time to time as per the agreement.