India, Oct. 17 -- Shakti Pumps (India) Limited has announced an investment of Rs 25 crore in its wholly owned subsidiary, Shakti Energy Solutions Limited (SESL), to establish a greenfield solar manufacturing facility in Pithampur, Madhya Pradesh. The new plant will produce high-efficiency solar DCR cells and solar PV modules with a total capacity of 2.2 gigawatts (GW).
Incorporated in September 2010, SESL is a wholly owned subsidiary of Shakti Pumps and currently manufactures solar structures and solar rooftop systems. The company reported a turnover of ?216.53 crore in FY25, up from ?139.59 crore in FY24 and ?99.15 crore in FY23, reflecting steady growth in its operations.
Shakti Pumps clarified that the investment does not qualify as a ...