Shakti Pumps (India) Limited has announced a significant achievement by securing a contract valued at ₹356.77 crore from Maharashtra State Electricity Distribution Company Limited.
This contract involves the supply and installation of 12,883 off-grid DC solar photovoltaic water pumping systems across Maharashtra.
The contract awarded to Shakti Pumps entails the design, manufacture, supply, transport, installation, testing, and commissioning of off-grid DC solar photovoltaic water pumping systems.
These systems, with capacities of 3 HP, 5 HP, and 7.5 HP, are part of the Magel Tyala Saur Krushi Pump Yojana/PM Kusum B Scheme.
The total contract value, inclusive of GST, is ₹356.77 crore, and the project is to be executed within 60 days from the issuance of the work order or notice to proceed.
The timeline for the completion of this project is set at 60 days from the date of the work order issuance. This tight schedule underscores the importance of timely execution in meeting the state's renewable energy goals.
Read More: PM-KUSUM Empowers Farmers as Urjadata, Reaching Over 20 Lakh Beneficiaries!
The commercial consideration for this contract is ₹327.62 crore, excluding GST. With the inclusion of GST, the total value reaches ₹356.77 crore. This contract represents a substantial addition to Shakti Pumps' order book, reflecting its growing presence in the renewable energy sector.
As per exchange filings, this contract does not involve any related party transactions. There is no interest from the promoter, promoter group, or group companies in the entity awarding the contract, ensuring transparency and adherence to regulatory standards.
As of December 23, 2025, at 11:38 AM, Shakti Pumps share price on NSE was trading at ₹748.50 up by 4.88% from the previous closing price.
Shakti Pumps' recent contract win for ₹356.77 crore highlights its role in advancing solar energy solutions in Maharashtra. The project, part of the PM Kusum B Scheme, involves the installation of 12,883 solar pumps, marking a significant step in the state's renewable energy initiatives.
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Published on: Dec 23, 2025, 1:20 PM IST
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