Shakti Pumps Invests ₹10 Cr for 2.2 GW Solar Plant in MP
By ThePip Desk•
Stacks of solar PV modules in a new greenfield plant.
Key Highlights
Shakti Pumps invests ₹10 crore in its subsidiary, Shakti Energy Solutions, to build a 2.20 GW high-efficiency solar manufacturing plant in Madhya Pradesh, boosting India’s renewable energy sector.
Shakti Pumps Fuels Green Energy with ₹10 Cr Solar Investment
Shakti Pumps (India) has committed ₹10 crore to its wholly owned subsidiary, Shakti Energy Solutions, marking a significant step into large-scale solar manufacturing.
This investment will fund a new greenfield plant in Pithampur, Madhya Pradesh, focusing on high-efficiency solar DCR cells and PV modules.
Key Project Details:
- Investment: ₹10 crore
- Subsidiary: Shakti Energy Solutions
- Location: Pithampur, Madhya Pradesh
- Production Capacity: 2.20 GW for Solar DCR cells and PV modules
Shakti Pumps is primarily known for its extensive range of submersible pumps and motors used across various applications.