Synopsis: Shakti Pumps received a Rs. 356.77 crore order from MSEDCL to supply and install 12,883 off-grid solar water pumping systems across Maharashtra under the PM Kusum B scheme, reinforcing its leadership in renewable agricultural solutions.
This company manufactures pumps and motors and provides advanced water pumping solutions for irrigation, domestic, commercial, and industrial applications is now in the spotlight after securing an order worth Rs. 357 cr.
With a market capitalisation of Rs. 9,057 cr, the shares of Shakti Pumps(India) Ltd are currently trading at Rs. 734 per share, increasing 7.5% in today’s market session, making a high of Rs. 768.05, up from its previous close of Rs. 713.90 per share.
About the order
Shakti Pumps (India) Limited received a significant order from the Maharashtra State Electricity Distribution Company Limited (MSEDCL). The order pertains to the supply and installation of 12,883 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) with capacities of 3 HP, 5 HP, and 7.5 HP, under the Magel Tyala Saur Krushi Pump Yojana / PM Kusum B Scheme for the entire state of Maharashtra.
The total contract value, including GST, is approximately Rs. 356.77 Crores, with execution expected within 60 days from the issuance of the Work Order or Notice to Proceed (NTP).
The scope of the order includes design, manufacturing, supply, transportation, installation, testing, and commissioning of the solar water pumping systems. The contract is awarded domestically, and Shakti Pumps has confirmed that neither the promoter nor any promoter group or group companies has any interest in the entity awarding the contract. The order is to be executed at arm’s length, following standard commercial and legal norms.
This order is a significant milestone for Shakti Pumps, reflecting the company’s capability to secure large-scale government projects in the renewable energy segment, particularly in solar-based agricultural solutions.
About the company
Shakti Pumps (India) Ltd is an Indian manufacturer specializing in energy-efficient pumps and motors, with a strong focus on stainless steel and solar-powered pumping solutions. The company serves a wide range of sectors, including agriculture, irrigation, domestic water supply, and industrial applications, and has a growing presence in both domestic and international markets.
Sales of the company increased marginally by about 5% year on year to Rs. 666 crore from Rs. 635 crore in Q1FY26. Operating performance weakened, with EBITDA declining by around 9% to Rs. 136 crore from Rs. 149 crore. Net profit fell by nearly 11% to Rs. 90.7 crore compared to Rs. 101 crore a year ago, while EPS declined by about 13%, dropping to Rs. 7.35 from Rs. 8.44.
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