Shakti Pumps Share Price Rises 3%; Bags ₹616 Crore Solar Pump Orders in Maharashtra

Shakti Pumps (India) Limited (SPIL), a leading manufacturer of energy-efficient pumps and motors, has achieved a major milestone under the Magel Tyala Saur Krushi Pump Yojana / PM KUSUM B.

Following its empanelment on August 12, 2025, for supplying and installing 34,720 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS), the company has received overwhelming demand from farmers in Maharashtra.

First Tranche Success

On August 27, 2025, the Maharashtra State Electricity Distribution Company Limited (MSEDCL) opened its portal for the first tranche of 10,000 SPWPS. Remarkably, these units were fully booked by farmers within just 1.5 hours. The total value of this tranche was about ₹268.88 crore (inclusive of GST), highlighting the strong confidence farmers have in Shakti Pumps’ technology and service.

Second Tranche Momentum

Building on this success, MSEDCL launched the second tranche of 12,451 SPWPS. Once again, the response was swift, with the entire tranche being fully booked. This second order is valued at approximately ₹347.41 crore (inclusive of GST).

Order Value and Commitment

With both tranches combined, Shakti Pumps has already secured bookings for 22,451 SPWPS worth nearly ₹616.30 crore (inclusive of GST). This achievement puts the company well on track to meet its empanelled commitment of 34,720 SPWPS under the scheme.

Mr. Dinesh Patidar, Chairman of Shakti Pumps (India) Limited, stated, “Our deep rooted presence in Maharashtra, coupled with our proven execution capabilities, positions us strongly to deliver on this order within the stipulated timeline. We remain committed to empowering farmers with sustainable and energy-efficient water solutions that enhance agricultural productivity.”

Shakti Pumps Share Price Performance

On September 15, 2025, Shakti Pumps share price (NSE: SHAKTIPUMP) opened at ₹890.20, up from its previous close of ₹856.65. At 11:18 AM, the share price of Shakti Pumps was trading at ₹890.70, up by 3.97% on the NSE.

Also Read: Shakti Pumps Raises ₹292.6 Crore via QIP to Build 2.2 GW Solar Plant in Madhya Pradesh!

Conclusion

The rapid uptake of solar water pumping systems underscores the growing trust of farmers in Shakti Pumps and reflects India’s accelerating shift towards clean and sustainable energy solutions in agriculture.

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