Shakti Pumps Invests ₹10 Crore in Solar Manufacturing Subsidiary; Shares Rise 6.48%

Mumbai, June 12: Shakti Pumps (India) invested ₹10 crore in its wholly owned subsidiary Shakti Energy Solutions Ltd to support the establishment of a greenfield solar manufacturing facility in Madhya Pradesh, according to a regulatory filing submitted under SEBI (LODR) Regulations, 2015.

The company stated that the investment has been made in equity shares of Shakti Energy Solutions Ltd.

As per the disclosure, the subsidiary is establishing a high-efficiency Solar DCR cell and Solar PV modules manufacturing plant at Pithampur, Madhya Pradesh, with a planned production capacity of 2.20 GW.

The filing stated that Shakti Energy Solutions Ltd operates in manufacturing of solar structures and rooftop solar products and is now expanding into Solar DCR cell and Solar PV module manufacturing.

According to the disclosure, the investment was completed on the same day and no governmental or regulatory approvals were required for the transaction.

The company further clarified that the transaction does not fall under related-party transactions since the investment has been made in a wholly owned subsidiary.

Stock Market Snapshot

Shakti Pumps share price moved sharply higher after the company announced the ₹10 crore investment in its solar manufacturing subsidiary.

As of 3:17 PM IST on June 12, 2026, shares of Shakti Pumps (India) Ltd were trading at ₹539.90 on the NSE, up 6.48% from the previous close of ₹507.05.

The stock movement followed investor assessment of the company’s expansion into domestic solar manufacturing capabilities through its subsidiary operations.

The Shakti Pumps share price also reflected broader market interest in renewable energy and solar manufacturing companies amid continued focus on localisation and capacity addition within India’s clean energy sector.

Company Background

Shakti Pumps (India) Ltd operates in the pumps and renewable energy solutions segment with activities spanning solar pumping systems, water management products and energy-efficient pumping technologies.

Its wholly owned subsidiary, Shakti Energy Solutions Ltd, was incorporated in September 2010 and manufactures solar structures and rooftop solar products.

According to the filing, the subsidiary reported turnover of ₹239.11 crore in FY26, compared with ₹216.53 crore in FY25 and ₹139.59 crore in FY24.

The proposed expansion into Solar DCR cells and Solar PV modules marks a diversification within the company’s renewable energy manufacturing operations.

Conclusion

The ₹10 crore investment in Shakti Energy Solutions Ltd strengthens Shakti Pumps’ presence in the solar manufacturing value chain.

The planned 2.20 GW greenfield facility in Madhya Pradesh is expected to expand the company’s renewable energy manufacturing capabilities and support its long-term clean energy strategy. Investors tracked the development amid continued growth in India’s domestic solar manufacturing ecosystem.

Source:

• https://www.nseindia.com/get-quote/equity/SHAKTIPUMP/Shakti-Pumps-(India)-Limited
• https://nsearchives.nseindia.com/corporate/SHAKTIPUMP_12062026150056_IntimationunderReg30ShaktiEnergy.pdf