Shakti Pumps (India) Limited (SPIL) has announced a significant investment to strengthen its presence in India’s rapidly growing renewable energy sector. In a regulatory filing submitted on June 12, 2026, the company disclosed that it has invested ₹10 crore in its wholly-owned subsidiary, Shakti Energy Solutions Limited (SESL).
The investment has been made through cash consideration in exchange for equity shares, which will be allotted in phases as per the agreed terms between the two entities. According to the company, the primary objective of this capital infusion is to support the establishment of a new greenfield manufacturing facility in Pithampur, Madhya Pradesh.
The upcoming manufacturing plant will focus on the production of high-efficiency Solar Domestic Content Requirement (DCR) cells and Solar PV modules. Once operational, the facility is expected to have a production capacity of 2.20 GW, making it a major addition to the company’s renewable energy manufacturing portfolio. The project is expected to contribute to India’s efforts to strengthen domestic solar manufacturing capabilities and reduce dependence on imports.
Shakti Energy Solutions Limited, which was incorporated on September 6, 2010, is already engaged in the manufacturing of solar structures and rooftop solar solutions. The subsidiary has shown steady financial growth over the past three years. Its turnover increased from ₹139.59 crore in FY 2024 to ₹216.53 crore in FY 2025 and further rose to ₹239.11 crore in FY 2026.
The company stated that the investment was completed on the same day as the announcement and did not require any government or regulatory approvals. Since SESL is a wholly-owned subsidiary of SPIL, the transaction does not qualify as a related party transaction under applicable regulations. As a result, the requirements related to arm’s-length transactions are not applicable in this case.
The disclosure was submitted by Ravi Patidar, Company Secretary of Shakti Pumps (India) Limited, to both the National Stock Exchange (NSE) and BSE Limited. With this investment, Shakti Pumps aims to expand its role in the solar manufacturing industry and capitalize on the increasing demand for locally produced solar cells and modules in the country.
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