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

Written by: Team Angel OneUpdated on: 6 Oct 2026, 9:52 pm IST

Shakti Pumps has received a Letter of Empanelment from Maharashtra State Electricity Distribution Company for 4,755 solar water pumps worth ₹112.18 crore, including GST.

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.

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.

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.

Published on: Oct 6, 2026, 4:22 PM IST

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