en.Wedoany.com Reported - Shakti Pumps (India) Limited (SPIL) announced in a regulatory filing submitted to the exchange on June 12, 2026, an investment of INR 10 crore (100 million) in its wholly-owned subsidiary, Shakti Energy Solutions Limited (SESL), for the establishment of a new greenfield manufacturing plant in Pithampur, Madhya Pradesh. The plant will focus on producing high-efficiency solar Domestic Content Requirement (DCR) cells and solar photovoltaic modules, with a planned capacity of 2.20 GW. The investment is made in cash in exchange for equity shares, allocated in phases, and was completed on the same day as the announcement, without requiring government or regulatory approvals.

Shakti Energy Solutions Limited, incorporated on September 6, 2010, has previously been engaged in the manufacturing of solar mounting structures and rooftop solar solutions. Over the past three years, the subsidiary has shown steady financial growth: a turnover of INR 139.59 crore in FY2024, INR 216.53 crore in FY2025, and INR 239.11 crore in FY2026.

Since SESL is a wholly-owned subsidiary of SPIL, the transaction does not constitute a related party transaction, and the arm's length requirement is not applicable here. The disclosure was submitted by SPIL's Company Secretary, Ravi Patidar, to the National Stock Exchange of India (NSE) and the Bombay Stock Exchange (BSE). Through this investment, SPIL aims to expand its role in the solar manufacturing industry and capitalize on the growing demand for domestically produced solar cells and modules in India.

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