Shakti Pumps (India) Limited, a leading player in the solar pump industry, has taken a significant step towards expanding its renewable energy business with a new tie-up for DCR cell-based Solar Modules. The company already had existing partnerships with Mundra Solar PV Limited (Adani) and Premier Energies Ltd., but the latest collaboration with ReNew Photovoltaic will further boost its market presence in the growing solar industry.

The new tie-up with ReNew Photovoltaic has an estimated supply value of Rs. 1,300 Cr for the financial year 2025-26. This partnership aims to accelerate the supply of DCR (Domestic Content Requirement) cell-based Solar Modules, contributing to the company's growth and solidifying its market leadership. The DCR cell-based modules are a key part of the renewable energy sector, as they help in meeting domestic manufacturing requirements for solar power generation.

Shakti Pumps’ commitment to the renewable energy sector and its continued efforts to expand its product offering align with the country's goals to boost solar power capacity. The collaboration with ReNew Photovoltaic and its partners will ensure the company plays a critical role in meeting the growing demand for solar power solutions, thereby contributing to a cleaner and more sustainable energy future.

This new tie-up is expected to provide Shakti Pumps with a significant opportunity to scale up its operations in the coming years. The company has been making strides in the solar energy market, with its innovative solutions and sustainable approach gaining attention globally. By leveraging its strategic partnerships, Shakti Pumps is set to maintain its dominant position in the sector, further solidifying its commitment to growth and leadership in the solar industry.

The importance of these strategic partnerships cannot be overstated. They not only provide the company with enhanced revenue streams but also place it in an excellent position to capitalize on the growing demand for renewable energy solutions. As India continues to increase its focus on sustainable energy initiatives, Shakti Pumps’ leadership in the solar pump industry ensures that it remains at the forefront of these developments.

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