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Shakti Pumps shares hit a day high of Rs 447.30 on 8 October, then closed lower, before the firm disclosed a Rs 10 crore solar investment.
Shakti Pumps (India) Limited told the exchanges it has put Rs 10 crore into its wholly owned subsidiary, Shakti Energy Solutions Limited (SESL).
The money goes toward a new factory in Pithampur, Madhya Pradesh. The plant will make solar cells and solar panels, called PV modules, with a capacity of 2.20 GW.
The cells are the DCR type, meaning solar cells made in India to meet domestic content rules. Shakti Pumps paid in cash by subscribing to new SESL shares.
Because the parent fully owns the subsidiary, the deal is not a related-party transaction.
No government approvals are needed, and the company said completion is the same day.
SESL started in 2010 and currently makes solar structures and rooftop solar systems.
Its turnover rose from Rs 139.59 crore in FY24 to Rs 216.53 crore in FY25 and Rs 239.11 crore in FY26.
This is not the first cash the parent has sent toward the project. According to sources, Shakti Pumps put in another Rs 11 crore on 14 September for the same 2.20 GW plant.
None of the reports say what the full plant will cost. On 6 October, the company also told the exchanges about a Rs 112.18 crore order from MSEDCL, Maharashtra’s power distributor, for off-grid solar pumps.
A Re 1 per share dividend went ex on 29 July. Shakti Pumps closed at Rs 426.65 on NSE, down Rs 20.75 or 4.64% from the previous close of Rs 447.40.
The low of Rs 423.00 is a new 52-week low. Over the past week, the stock has lost 6.35%, and over one year it has fallen 47.11%. Its market value is about Rs 5,265 crore.
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