HomeUncategorizedVizag vision: Shakti Group announces Rs 1700 crore investment in renewable energy sector Vijayawada, 26 February, 2025 –Shakti Pumps (India) Ltd., a leading manufacturer and supplier of solar pumps and motors, today announced a significant investment of Rs 1700 crore in Madhya Pradesh. The expansion to be done on approximately 64 hectares of industrial land in Pithampur will set up state-of-the-art manufacturing units for solar cells, solar pumping systems and electric vehicle components from renewable energy solar wafers, creating huge employment opportunities in the state. Once production starts in these projects, Shakti Pumps will be the first company in the country to have the capability to manufacture all the needs of the solar pumping industry such as pumps, motors, solar panels, structures, VFDs, inverters etc.Established in 1982, Shakti Pumps has a rich legacy of over 40 years in the Indian market. The company offers a wide range of pumps, including domestic, agricultural, industrial, solar and sewage pumps, that cater to a wide range of needs. A recognized leader in the Indian solar pump market, Shakti Pumps exports its products to over 100 countries across the globe with an emphasis on energy efficiency and sustainability. The company has consistently demonstrated strong financial performance and profitability. Shakti Pumps is also a channel partner of the Ministry of New and Renewable Energy (MNRE) PM KUSUM Yojana for solar pumps, underlining its commitment to renewable energy solutions.Mr. Dinesh Patidar, Chairman, Shakti Pumps (India) Ltd. said, “This significant investment underlines our unwavering commitment to Madhya Pradesh and its growth trajectory. We believe in the immense potential of the state and its favourable business environment. This expansion will strengthen our position in the renewable energy and electric vehicle sectors, as well as contribute significantly to the socio-economic development of the region by creating substantial employment opportunities.”Shakti Pumps has a strong presence in Madhya Pradesh, employing over 2500 people and operating 04 plants. Shakti Group has already made a fixed capital investment of over Rs 500 crore. The Group has indigenously developed over 1200 types of pumps, motors and controllers, reflecting its focus on innovation and local expertise. Apart from India, Shakti Group has its own companies in countries like UAE and USA and has earned it the status of an international company with exports to over 100 countries. Recently, the market capitalization of the company had reached Rs 16,000 crore, which shows the confidence of investors in the company.
Vizag vision: Shakti Group announces Rs 1700 crore investment in renewable energy sector Vijayawada, 26 February, 2025 –Shakti Pumps (India) Ltd., a leading manufacturer and supplier of solar pumps and motors, today announced a significant investment of Rs 1700 crore in Madhya Pradesh. The expansion to be done on approximately 64 hectares of industrial land in Pithampur will set up state-of-the-art manufacturing units for solar cells, solar pumping systems and electric vehicle components from renewable energy solar wafers, creating huge employment opportunities in the state. Once production starts in these projects, Shakti Pumps will be the first company in the country to have the capability to manufacture all the needs of the solar pumping industry such as pumps, motors, solar panels, structures, VFDs, inverters etc.Established in 1982, Shakti Pumps has a rich legacy of over 40 years in the Indian market. The company offers a wide range of pumps, including domestic, agricultural, industrial, solar and sewage pumps, that cater to a wide range of needs. A recognized leader in the Indian solar pump market, Shakti Pumps exports its products to over 100 countries across the globe with an emphasis on energy efficiency and sustainability. The company has consistently demonstrated strong financial performance and profitability. Shakti Pumps is also a channel partner of the Ministry of New and Renewable Energy (MNRE) PM KUSUM Yojana for solar pumps, underlining its commitment to renewable energy solutions.Mr. Dinesh Patidar, Chairman, Shakti Pumps (India) Ltd. said, “This significant investment underlines our unwavering commitment to Madhya Pradesh and its growth trajectory. We believe in the immense potential of the state and its favourable business environment. This expansion will strengthen our position in the renewable energy and electric vehicle sectors, as well as contribute significantly to the socio-economic development of the region by creating substantial employment opportunities.”Shakti Pumps has a strong presence in Madhya Pradesh, employing over 2500 people and operating 04 plants. Shakti Group has already made a fixed capital investment of over Rs 500 crore. The Group has indigenously developed over 1200 types of pumps, motors and controllers, reflecting its focus on innovation and local expertise. Apart from India, Shakti Group has its own companies in countries like UAE and USA and has earned it the status of an international company with exports to over 100 countries. Recently, the market capitalization of the company had reached Rs 16,000 crore, which shows the confidence of investors in the company.
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