Shakti Pumps Share Price Gains Over 3% on Winning Solar Water Pumping Systems Orders

Shakti Pumps (India) Limited has announced the acquisition of significant orders for solar water pumping systems from Jharkhand and Madhya Pradesh. These orders are part of the PM-KUSUM scheme, aimed at promoting solar energy utilisation in agriculture. 

Details of the Jharkhand Order 

The Jharkhand Renewable Energy Development Agency has awarded Shakti Pumps a contract for 1,200 solar water pumping systems.  

The total order value is ₹23.98 crore, inclusive of GST. The project involves the design, manufacture, supply, transport, installation, testing, and commissioning of the systems across various locations in Jharkhand. 

The order must be completed within 120 days from the date of the work order. This contract is part of Component B of the PM-KUSUM scheme, which aims to provide solar-powered irrigation solutions to farmers. 

Details of the Madhya Pradesh Order 

In addition to the Jharkhand order, Shakti Pumps has secured a work order from Madhya Pradesh Urja Vikas Nigam Limited for 2,033 standalone off-grid DC solar photovoltaic water pumping systems. The total value of this order is ₹71.25 crore, inclusive of GST. 

This project also requires completion within 120 days and is part of the same PM-KUSUM scheme. The systems will be distributed across the state, enhancing the agricultural sector's reliance on renewable energy. 

Read More: Shakti Pumps Share Price Jumps Over 15% on Securing ₹443.78 Crore Order from MSEDCL for Solar Pumps! 

Shakti Pumps Share Price Performance 

As of December 12, 2025, at 1:29 PM, Shakti Pumps share price on NSE was trading at ₹648.50 up by 3.23% from the previous closing price. 

Conclusion 

Shakti Pumps' recent orders from Jharkhand and Madhya Pradesh signify a strategic expansion in the solar water pumping market. With a combined order value of ₹95.23 crore, these projects reinforce the company's position as a key player in promoting solar energy solutions in agriculture. 

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