Shakti Pumps Share Price Gains Over 7%; Secures Empanelment for 10,000 Solar Pumps in Maharashtra

On September 9, 2026, Shakti Pumps (India) Limited was empanelled by Maharashtra State Electricity Distribution Company Limited to supply 10,000 off-grid solar photovoltaic water pumping systems, as per the exchange filings.  

This project is part of the Magel Tyala Saur Krushi Pump Yojana, covering the entire state of Maharashtra. 

Details of the Empanelment 

The empanelment authorises Shakti Pumps to supply 3 HP, 5 HP, and 7.5 HP solar pumps. The contract encompasses the design, manufacture, supply, transport, installation, testing, and commissioning of these solar pumps.  

The project must be completed within 60 days from the issuance of the work order or Notice to Proceed. 

Financial Value of the Contract 

The total value of the work order before taxes is ₹216.64 crore. Including GST, the commercial consideration amounts to ₹235.92 crore.  

The transaction does not involve any related party transactions, and no promoters or group companies hold any interest in the awarding entity. 

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Project Execution Timeline 

The entire setup for the solar pumps must be executed within 60 days from the issuance of the work order or Notice to Proceed. This timeline ensures a swift implementation of the project, aligning with the objectives of the Magel Tyala Saur Krushi Pump Yojana. 

Shakti Pumps Share Price Performance 

As of September 10, 2026, at 10:05 AM, Shakti Pumps share price on NSE was trading at ₹502.00, up by 7.31% from the previous closing price. 

Conclusion 

Shakti Pumps has been authorised to supply 10,000 solar pumps in Maharashtra under a contract valued at ₹216.64 crore before taxes. The project, part of the Magel Tyala Saur Krushi Pump Yojana, includes 3 HP, 5 HP, and 7.5 HP variants. 

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