Shakti Pumps Share Price in Focus After Receiving ₹112.18 Crore Solar Pump Order

Shakti Pumps (India) has received a Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for 4,755 off-grid solar photovoltaic water pumping systems, as per the exchange filing.  

The pumps will be supplied across Maharashtra under the Magel Tyala Saur Krushi Pump Yojana. The order is worth ₹112.18 crore including GST and covers pumps of 3 HP, 5 HP and 7.5 HP.  

4,755 Solar Pumps to Be Supplied 

The order covers the design, manufacturing, supply, transport, installation, testing and commissioning of off-grid solar photovoltaic water pumping systems. 

The basic value of the work order is ₹103.01 crore, while the value including GST comes to ₹112.18 crore.  

Work to Be Completed in 60 Days 

Shakti Pumps will have to complete the work within 60 days from the date of the work order or Notice to Proceed (NTP). 

The order is from a domestic entity and relates to work across the state of Maharashtra.  

Read More: Axis Bank Share Price in Focus After It Reports Q2 FY27 Financial Update! 

Shakti Pumps Share Price Performance 

As of October 6, 2026, at 3:17 PM, Shakti Pumps share price was trading at ₹449.10 per share, reflecting a 1.31% surge from the previous trading session. 

Conclusion 

Shakti Pumps has received an empanelment from MSEDCL for 4,755 off-grid solar water pumping systems worth ₹112.18 crore including GST. The company will handle the design, supply and installation of the pumps, with the work to be completed within 60 days from the work order or NTP. 

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