Shakti Pumps Invests ₹10 Crore in Solar Subsidiary; Shares Fall 0.34%

Mumbai, October 13: Shakti Pumps (India) Limited has invested ₹10 crore in its wholly owned subsidiary, Shakti Energy Solutions Limited, to support the establishment of a greenfield solar manufacturing facility in Pithampur, Madhya Pradesh.

The proposed facility will manufacture solar Domestic Content Requirement (DCR) cells and solar photovoltaic (PV) modules, with a planned production capacity of 2.20 GW.

According to the company’s exchange disclosure, the investment has been made by subscribing to equity shares of Shakti Energy Solutions. As the subsidiary is wholly owned, the investment does not constitute a related-party transaction, the filing stated.

The planned facility will expand the subsidiary’s existing solar-related operations, which include the manufacturing of solar structures and products for rooftop solar applications. The new plant is intended to add solar DCR cell and PV module manufacturing to its business.

The company stated that no government or regulatory approvals are required for the investment. The transaction was reported as completed on the same day.

Stock Market Snapshot

The Shakti Pumps share price stood at ₹415.50 as of 10:34:17 AM IST on October 13, 2026, according to the market data.

The stock was down ₹1.40, or 0.34%, at the time. Shares moved lower after the opening phase and then traded within a relatively narrow range through much of the morning session.

The investment announcement and the stock’s movement occurred on the same day, but the available information does not establish a direct link between the two.

Shakti Energy Solutions Reports Revenue Growth

Shakti Energy Solutions Limited was incorporated on September 6, 2010, and is a wholly owned subsidiary of Shakti Pumps. Its existing business includes manufacturing solar structures and supplying products for rooftop solar applications.

The subsidiary reported turnover of ₹239.11 crore in FY2026, compared with ₹216.53 crore in FY2025 and ₹139.59 crore in FY2024. The figures show an increase in reported turnover over the three-year period.

The proposed 2.20 GW facility marks a further step in expanding its manufacturing scope into solar cells and modules. The company has not provided a detailed commissioning schedule in the disclosure.

Conclusion

Shakti Pumps’ ₹10 crore investment is intended to support its subsidiary’s expansion into solar DCR cell and PV module manufacturing at Pithampur. With planned capacity of 2.20 GW, the facility will broaden Shakti Energy Solutions’ existing solar manufacturing activities.

Shakti Pumps shares were trading at ₹415.50, down 0.34%, as of 10:34:17 AM IST on October 13, 2026.

Source:

• https://www.nseindia.com/get-quote/equity/SHAKTIPUMP/Shakti-Pumps-(India)-Limited
• https://nsearchives.nseindia.com/corporate/SHAKTIPUMP_12102026154933_IntimationunderReg30.pdf