Shakti Pumps (India) Limited — Important, 13-03-2025: General Updates

Madhya Pradesh Industrial Development Corporation Limited (MPIDC) has sanctioned 113 acres of land to Shakti Energy Solutions Limited, a wholly owned subsidiary of Shakti Pumps (India) Limited. This property, located in the Smart Industrial Township, Sector 7, Pithampur, Dist. Dhar, will be utilized for constructing a solar cell and photovoltaic module manufacturing facility, utilizing wafers as input material. This strategic move reflects the company’s commitment to expanding its renewable energy capabilities and positions it to tap into the growing solar energy market, presenting potential growth opportunities for shareholders.