Shakti Pumps (India) Limited has made an important move to strengthen its presence in the renewable energy sector by investing Rs. 3 crores in its wholly owned subsidiary, Shakti Energy Solutions Limited. The investment was completed on January 6, 2026, and is aimed at expanding the subsidiary’s manufacturing capabilities. The company has stated that the fresh capital will support the establishment of a new greenfield manufacturing plant in Pithampur, Madhya Pradesh. This upcoming facility will be dedicated to producing high-efficiency Solar DCR cells and Solar PV modules, which are becoming increasingly important in India’s push for domestic solar manufacturing.

According to the information shared, the planned plant will have an impressive production capacity of 2.20 GW once it becomes operational. This marks a major step for Shakti Energy Solutions Limited, as it moves beyond its existing business areas. The subsidiary was incorporated on September 6, 2010, and has so far focused on manufacturing solar structures and rooftop solar solutions. The new plant will allow the company to expand vertically into the production of solar cells and modules, making it a more integrated player in the renewable energy supply chain.

The company’s financial performance over the past three years also shows strong growth. Shakti Energy Solutions Limited recorded a turnover of ₹99.15 crores in FY 2023. This increased to ₹139.59 crores in FY 2024, and further grew to ₹216.53 crores in FY 2025. The rising revenue demonstrates the subsidiary’s ability to build and expand its business steadily, and the new investment is expected to support continued growth in the years ahead.

In the regulatory filing made under SEBI’s Listing Obligations and Disclosure Requirements, Shakti Pumps stated that the investment was made through the purchase of equity shares. Since the subsidiary is fully owned, the transaction does not fall under related party rules. The company also confirmed that no additional government or regulatory approvals were needed, and the process was completed on the same day it was announced.

This investment reflects a broader trend within India’s renewable energy sector, where companies are increasing their focus on domestic manufacturing of key solar components. With the planned 2.20 GW capacity, Shakti Pumps is preparing to play a bigger role in meeting the growing national demand for solar cells and modules. The company is also expected to use the production capacity to support its own operations while supplying to the wider market. The greenfield plant at Pithampur is likely to further strengthen the company’s position in the clean energy industry and contribute to India’s ongoing efforts to boost solar manufacturing within the country.