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Shakti Pumps Strengthens Partnership for Solar Modules with ReNew Photovoltaic Private Limited

Feb 03, 2025•over 1 year ago

Contract Type

partnership

PithampurManufacturingEnergyRenewable EnergySolar

Description

Shakti Pumps has announced a partnership with ReNew Photovoltaic Private Limited for supplying DCR cell-based solar modules, with an estimated value of Rs 1,300 crore. This partnership reinforces Shakti Pumps' market leadership and supports its long-term expansion strategy.

Company Information

Company

Shakti Pumps India Limited

Location

Pithampur, Madhya Pradesh, India

About

Shakti Pumps India Limited (SPIL) was founded in 1982 as a partnership firm and later converted to a public limited company in 1995. It manufactures solar pumps, energy-efficient stainless-steel submersible pumps, pressure booster pumps, pump-motors, and other products. SPIL said that it is the only company that manufactures a wide range of products for solar pump installation in-house, including Variable Frequency Drives, Structures, Motors, Inverters, and so on.

Predictive Intelligence
Strategic

ML-powered predictions for Shakti Pumps India Limited's next move

Learn about Strategic plan

Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months

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