corporate investment

India | News | Renewable Energy

Shakti Pumps commits Rs 75 crore to 2.2 GW solar manufacturing project
By January 19, 2026January 19, 2026

Shakti Pumps (India) Limited has approved an equity investment of Rs 75 crore in its wholly owned subsidiary, Shakti Energy Solutions Limited (SESL), to set up a 2.2 GW solar cell and module manufacturing facility in Madhya Pradesh. The investment marks a significant increase from the earlier proposal and advances the greenfield project. In a regulatory disclosure, the company stated that the funds will be used to establish a high efficiency Solar Domestic Content Requirement…

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India | Finance | News

Shakti Pumps invests Rs 3 crore in solar manufacturing expansion
By January 9, 2026January 9, 2026

Shakti Pumps (India) Limited has announced an investment of Rs 3 crore in its wholly owned subsidiary, Shakti Energy Solutions Limited. The investment will be used to establish a greenfield manufacturing facility for high-efficiency Solar Domestic Content Requirement (DCR) cells and Solar Photovoltaic (PV) modules in Pithampur, Madhya Pradesh. The proposed plant is planned with a manufacturing capacity of 2.20 GW. This move represents a major expansion of Shakti Pump’s operations, which currently include the…

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India | News | Renewable Energy

Cummins India approves acquisition of stake in Clean Max
By December 26, 2025December 26, 2025

Cummins India has received board approval to acquire an 8.78 per cent equity stake in Clean Max for a total consideration of Rs 27 million. The transaction marks Cummins India’s entry into the renewable energy sector through a minority investment. The board has formally cleared the acquisition, under which Cummins India will purchase the stake as part of its strategic investment plans. The approval covers the full transaction value and confirms the company’s intent to…

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Finance | India | News

JK Cement raises stake in O2 Renewable Energy V
By December 8, 2025December 8, 2025

JK Cement Limited has expanded its investment in O2 Renewable Energy V Private Limited with a further 12.21 per cent equity purchase for about Rs 0.05 billion. The transaction lifts its total shareholding in the O2 Power SPV to 28.97 per cent. The company bought 46,45,658 shares from JSW Neo Energy Limited at Rs 11.18 per share. The higher stake strengthens JK Cement Limited’s renewable energy portfolio and its position in a 22 MW wind…

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India | News | Renewable Energy

Havells to take 26 per cent stake in Kundan Solar SPV
By November 28, 2025November 28, 2025

Havells India has approved the purchase of a 26 per cent stake in Kundan Solar Pali, a special purpose vehicle set up to develop, install, operate, manage, and maintain a solar power plant. The company said the move is part of its strategy to lower its reliance on fossil fuel and expand its use of green energy. Kundan Solar will build a 15 MWac plant, and Havells plans to sign a long term power purchase…

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India | Finance | News

Avaada plans Rs 1 lakh crore investment over five years
By November 28, 2025November 28, 2025

Avaada Group plans to invest Rs 1 lakh crore across India over the next five years as it expands its presence in power generation and related businesses. Chairman Vineet Mittal said the group’s solar manufacturing arm has submitted documents to the regulator for its first public share sale. The group employs about 6000 people and intends to add 10000 more in the next three years as new projects come online. Last month, Avaada Electro, the…

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