Shakti Pumps (India) Ltd has invested INR 12 crore in its wholly owned subsidiary, Shakti Energy Solutions Ltd, in exchange for equity shares.
Shakti Energy Solutions, incorporated on September 6, 2010, manufactures solar module mounting structures and is expanding into the production of solar cells and modules that comply with domestic content requirements (DCR). The company is setting up a greenfield high-efficiency solar DCR cell and module manufacturing facility in Pithampur, Madhya Pradesh, with a planned production capacity of 2.2 GW.
Shakti Energy Solutions reported a turnover of INR 216.53 crore in FY 2025, up from INR 139.59 crore in FY 2024 and INR 99.15 crore in FY 2023.
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