Shakti Pumps Infuses ₹11 Crore into Subsidiary for 2.2 GW Solar DCR Cell and PV Module Plant in Pithampur, Madhya Pradesh
Shakti Pumps (India) Limited has invested ₹11 crore (₹110 million) in its wholly owned subsidiary, Shakti Energy Solutions Limited (SESL). The company subscribed to SESL's equity shares, and the investment is being made in cash.
The funds will support a greenfield high-efficiency solar domestic content requirement (DCR) cell and solar photovoltaic (PV) module manufacturing plant. The plant will be located in Pithampur, Madhya Pradesh, and will have a production capacity of 2.2 GW.
SESL currently manufactures solar structures and solar rooftop solutions. It is expanding into the manufacturing of solar DCR cells and solar PV modules. The source does not state the total project cost or a commissioning timeline.