Shakti Pumps (India) Limited has announced the receipt of a new work order from Madhya Pradesh Urja Vikas Nigam Limited, reinforcing its presence in the renewable energy and solar irrigation segment.
The order relates to the supply and installation of solar-powered water pumping systems under the PM-KUSUM scheme and is required to be completed within a defined timeline.
The company has received an order for 1,952 stand-alone off-grid DC solar photovoltaic water pumping systems.
The project covers the entire state of Madhya Pradesh and falls under Component-B of the PM-KUSUM scheme, which aims to promote solar-based irrigation solutions.
The total value of the work order stands at approximately ₹61.82 crore, excluding GST. Including GST, the contract size amounts to around ₹67.32 crore.
As per the terms of the agreement, the project is to be executed within a period of 120 days.
The scope includes the design, manufacture, supply, transportation, installation, testing, and commissioning of the solar pumping systems.
The systems are intended to operate independently of the grid, supporting agricultural and rural water requirements.
The disclosure has been made in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The company has also provided additional details as required under the relevant SEBI circular dated July 13, 2023.
The order has been awarded by a domestic entity, and the company has confirmed that neither the promoter nor the promoter group has any interest in the awarding authority. The transaction does not fall under related party transactions.
Shares of Shakti Pumps (India) Limited were trading at ₹738.70 around 12:58 PM on January 1, 2026, reflecting a gain of ₹14.55 or 2.01% over the previous close of ₹724.15. The stock opened at ₹726.30 and moved between a high of ₹747.55 and a low of ₹721.00 during the session.
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The latest order strengthens Shakti Pumps’ order book in the renewable energy segment and aligns with government initiatives promoting solar-powered irrigation.
Execution of the project within the stipulated timeframe will be a key factor for the company as it continues to expand its footprint in sustainable water management solutions.
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Published on: Jan 1, 2026, 2:12 PM IST
Neha Dubey
Neha Dubey is a Content Analyst with 3 years of experience in financial journalism, having written for a leading newswire agency and multiple newspapers. At Angel One, she creates daily content on finance and the economy. Neha holds a degree in Economics and a Master’s in Journalism.
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