Shakti Pumps (India) Ltd. has invested ₹30 million in its subsidiary to strengthen operations and future growth. The move follows its solar manufacturing expansion and major PM-KUSUM scheme orders, reinforcing its role in renewable energy and water solutions. The investment underscores its long-term sustainability and innovation strategy.
Shakti Pumps (India) Ltd., a leading manufacturer of solar water pumps and energy-efficient motors, has announced a fresh investment of ₹30 million into its subsidiary, marking a strategic step to reinforce its growth trajectory and expand operational capabilities.
Key Highlights
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The infusion of funds is aimed at bolstering the subsidiary’s capital base, enabling it to scale operations and pursue new opportunities in renewable energy and pump technologies.
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Shakti Pumps has been actively expanding its footprint, with recent initiatives including a 2.2GW solar cell and module plant in Madhya Pradesh, underscoring its commitment to sustainable energy solutions.
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The company also secured a ₹170 crore order under the PM-KUSUM scheme for solar-powered water pumping systems, reflecting strong demand for its products in India’s clean energy transition.
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This latest investment highlights Shakti Pumps’ focus on long-term value creation, strengthening its subsidiaries to support innovation and market competitiveness.
By channeling resources into its subsidiary, Shakti Pumps is positioning itself to capture emerging opportunities in India’s renewable energy and water management sectors, aligning with national priorities for sustainability and rural development.
Sources: Reuters, PV Tech, Trendlyne