Shakti Pumps Share Price Jumps Over 15% on Securing ₹443.78 Crore Order from MSEDCL for Solar Pumps

Shakti Pumps (India) Limited has announced a significant empanelment from the Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the supply and installation of 16,025 off-grid solar water pumping systems.  

The disclosure was made under Regulation 30 of the SEBI Listing Regulations.  

Large Order Under PM KUSUM Scheme 

According to the filing, the empanelment covers off-grid DC Solar Photovoltaic Water Pumping Systems of 3 HP, 5 HP and 7.5 HP to be deployed across Maharashtra under the Magel Tyala Saur Krushi Pump Yojana and PM-KUSUM B scheme.  

The total order value is ₹443.78 crore, inclusive of GST, and the project must be executed within 60 days from the issuance of the work order or notice to proceed.  

Annexure details show that the scope of work includes design, manufacturing, supply, transportation, installation, testing and commissioning of the systems. The order has been awarded by a domestic entity and does not fall under related-party transactions.  

Execution Timeline and Strategic Significance 

The project’s tight 60-day execution window highlights the scale and urgency of Maharashtra’s solar pump deployment drive aimed at supporting farmers with reliable off-grid irrigation solutions.  

With over 16,000 units to be delivered and commissioned, the order underscores the company’s position in India’s solar pumping segment and reinforces the role of distributed renewable systems in agricultural use cases. 

The filing confirms that promoters have no interest in the awarding entity, and the contract has been secured independently and at arm’s length.  

Read More: GK Energy Secures ₹366.63 Crore Contract for Solar Pump Installations Across Maharashtra! 

Shakti Pumps Share Price Performance  

As of December 11, 2025, at 2:36 PM, Shakti Pumps share price is trading at ₹634.25 per share, reflecting a surge of 15.10% from the previous closing price.  

Conclusion 

This ₹443.78 crore empanelment marks a substantial milestone for Shakti Pumps, strengthening its order book and expanding its footprint in solar-powered agricultural infrastructure. The project’s rapid execution timeline will be critical in supporting Maharashtra’s transition toward sustainable irrigation systems. 

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