Shakti Pumps Infuses ₹17 Crore for 2.20 GW Solar Manufacturing Unit

Shakti Pumps (India) Limited has invested ₹17 crore in its wholly-owned subsidiary, Shakti Energy Solutions Limited, to establish a greenfield manufacturing facility in Pithampur, Madhya Pradesh. The plant will produce high-efficiency Solar DCR cells and Solar PV modules with a targeted capacity of 2.20 GW, marking a strategic expansion into renewable energy manufacturing. The investment supports vertical integration and capitalizes on rising demand for domestic solar components under India's Atmanirbhar Bharat and PM-KUSUM initiatives. Shakti Energy Solutions has shown strong financial momentum, with turnover growing from ₹99.15 crore (FY23) to ₹216.53 crore (FY25), driven by solar structures and rooftop solutions. The Pithampur facility will enhance supply chain control, reduce import dependency, and position Shakti Pumps as an integrated player in India's solar value chain. With execution underway, the company aims to leverage its engineering expertise to capture opportunities in utility-scale and distributed solar projects. This move aligns with India's target of 500 GW renewable capacity by 2030 and underscores Shakti Pumps' commitment to sustainable growth beyond its core pump business.