Shakti Pumps (India) Limited — JV/Acquisition, 18-04-2026: Acquisition

Shakti Pumps (India) Limited is investing Rs. 17.00 Cr into its wholly-owned subsidiary, Shakti Energy Solutions Limited. This capital infusion is for establishing a greenfield high-efficiency Solar DCR cell and Solar PV modules manufacturing plant in Pithampur, Madhya Pradesh. The new facility will have a substantial production capacity of 2.20 GW. This strategic move aims to significantly enhance Shakti Pumps' presence in the solar energy sector, expanding its manufacturing capabilities and strengthening its product portfolio in critical solar components for robust backward integration.