Shakti Pumps Invests in Solar Unit

  Published 8 months ago

Shakti Pumps to invest in its solar subsidiary SESL for a 2.20 GW plant in Madhya Pradesh via equity share issuance.

  • SESL’s new facility will manufacture solar DCR cells and PV modules to boost renewable production capacity.
  • Investment treated as internal funding; not a related party deal, hence arm’s length pricing norms do not apply.
  • No regulatory approvals required; expansion aligns with Shakti Pumps’ clean energy and manufacturing diversification strategy.

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