Shakti Pumps Invests ₹10 Crore in Subsidiary for 2.20 GW Solar Cell and PV Module Manufacturing Plant in Pithampur, Madhya Pradesh
Shakti Pumps (India) Limited has announced an investment of ₹10 crore in its wholly owned subsidiary, Shakti Energy Solutions Limited (SESL). The funds will support a 2.20 GW greenfield solar cell and photovoltaic (PV) module manufacturing facility in Pithampur, Madhya Pradesh.
The proposed plant will have an annual capacity of 2.20 GW. It will make high-efficiency solar cells and solar PV modules under the Domestic Content Requirement (DCR) category.
The facility will expand SESL’s existing business, which includes solar structures and rooftop solar solutions. It marks Shakti Pumps’ entry into solar cell and module manufacturing.
The ₹10 crore is the parent company’s investment in the subsidiary. The source does not state the total project cost, land details, technology, commissioning timeline or funding structure for the plant.
