Shakti Pumps invested ₹12 crore in subsidiary SESL to set up a 2.20 GW solar DCR cell and PV module plant in Pithampur, MP. SESL had a turnover of ₹216.53 crore in FY25. The firm raised ₹292.6 crore via QIP, issuing shares at ₹918 each, enhancing backward integration. Investors included LIC Mutual Fund, PineBridge, and BOI Small Cap Fund.