Shakti Pump Share Price In Focus As it Secures ₹1,037 Crore Solar Pumps Order From MSEDCL

Shakti Pumps (India) share price is likely to be in focus on August 13, as it has made a significant announcement. The company has received a Letter of Empanelment from the Maharashtra State Electricity Distribution Company Limited (MSEDCL) for supplying and installing 34,720 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) across Maharashtra under the Magel Tyala Saur Krushi Pump Yojana/PM KUSUM B. 

This large-scale order, valued at approximately ₹1,037 crore inclusive of GST, is expected to be executed within 1 year, with each installation completed within 60 days of receiving the respective work order.

Key Details Of The Order

Under the terms of the order, Shakti Pumps will design, manufacture, supply, transport, install, test, and commission the solar pumping systems. The deal further strengthens the company’s position in the solar pump market, with a robust order book and presence in multiple states, including Maharashtra, Madhya Pradesh, Rajasthan, Haryana, Punjab, Uttar Pradesh, and Jharkhand.

Management’s Perspective

Mr Dinesh Patidar, Chairman of Shakti Pumps, expressed his enthusiasm for the development, highlighting that the contract would significantly bolster the company’s market standing. He noted that Shakti Pumps has been steadily expanding its footprint and actively participating in tenders across several states, benefiting from its decade-long presence in the sector.

Read More: Shakti Pumps Q1FY26 Earnings Results: Reports ₹6,225 Crore Revenue and ₹968 Crore PAT! 

About Shakti Pumps (India) Limited

Founded in 1982 and converted into a public limited company in 1995, Shakti Pumps is a leading manufacturer of energy-efficient stainless steel submersible pumps, solar pumps, and related components. 

With 2 manufacturing facilities in Pithampur, Madhya Pradesh, the company boasts a production capacity of 500,000 pumps and motors annually. It is also India’s first 5-star rated pump manufacturer and exports to over 100 countries worldwide.

Conclusion 

With a strong order pipeline and a growing presence in renewable energy solutions, Shakti Pumps remains well-positioned to capitalise on government initiatives aimed at promoting sustainable agriculture.

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