Shakti Pumps (India) Ltd has entered into an additional supply agreement for domestically manufactured solar modules for the financial year 2025-26. The company, which already has partnerships with Mundra Solar PV Limited (Adani) and Premier Energies Ltd., has now also tied up with ReNew Photovoltaic Private Limited for an additional supply valued at ₹1,300 crore.
According to the company’s statement, the agreement will involve the supply of domestically manufactured solar modules based on domestically produced cells (DCR). This collaboration follows the company’s ongoing efforts to expand its procurement sources for solar components.
Shakti Pumps stated that this move aligns with its broader business objectives for the upcoming financial year. The company did not disclose specific details regarding production capacity or implementation timelines under the new agreement.