Shakti Pumps Secures Solar Module Supply Deal with ReNew Photovoltaic

Shakti Pumps (India) Ltd. is a distinguished manufacturer and exporter of energy-efficient pumps and motors in India. Established in 1982, the company has built a formidable reputation as a pioneer in stainless steel pumps, solar-powered solutions, and advanced water management systems.

Strategic Partnership for Renewable Growth

Shakti Pumps recently announced an ambitious partnership with ReNew Photovoltaic Private Limited for the supply of DCR cell-based solar modules valued at an impressive ₹1,300 crore for FY 2025-26. This strategic alliance complements existing collaborations with industry giants Mundra Solar PV Ltd (Adani) and Premier Energies Ltd.

These alliances are set to catalyse Shakti Pumps’ growth trajectory in the renewable energy domain, reinforcing its leadership in the solar module market and bolstering its contribution to India’s sustainable energy agenda.

Proactive Fundraising Initiative

On January 7, 2025, Shakti Pumps secured board approval for a ₹400 crore capital raise through a Qualified Institutional Placement (QIP). This financial infusion will underpin the company’s expansion plans, supported by a robust order book worth ₹1,800 crore.

Shakti Pumps Share Price Performance 

Despite a recent 16.6% decline in share price over the past week, Shakti Pumps has demonstrated formidable resilience and long-term profitability. 

Over the last six months, the stock has risen by 17.5%, with a remarkable 264% surge over the past year, reflecting its exceptional value proposition. As of 2:23 PM today, Shakti Pumps (India) Ltd’s share price traded at ₹934.90 on the NSE.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.