Shakti Pumps Share Price Rises 3%; Secures First-Ever Karnataka Project Amounting to ₹654.03 Crore

Shakti Pumps (India) Limited has announced its maiden order from Karnataka Renewable Energy Development Limited for the installation of 16,780 Solar Photovoltaic Water Pumping Systems. 

The order carries an aggregate value of ₹654.03 crore, inclusive of GST, and marks a significant milestone for the company as it makes its first entry into the southern region of India.

Strategic Entry Into Southern India

The Karnataka order represents Shakti Pumps’ formal entry into a new regional market, expanding its geographical footprint beyond its traditional strongholds. 

By securing its first project in Karnataka, the company has opened up opportunities for further growth in southern states, which are increasingly adopting solar-powered irrigation solutions to address energy efficiency and water management challenges.

Strong Momentum In Solar Pump Orders

The Karnataka project adds to a series of order wins secured by Shakti Pumps over the past month across multiple states, including Madhya Pradesh, Jharkhand, Haryana, Maharashtra and Karnataka. 

Cumulatively, these orders amount to approximately ₹1,900 crore, inclusive of GST. The strong order inflow underscores the company’s leadership position in government-led solar pump programmes and highlights sustained demand for renewable-powered irrigation systems.

Support From Government Solar Initiatives

The latest order has been awarded under the Karnataka government’s solar agriculture initiative, which aims to promote renewable energy adoption while strengthening irrigation infrastructure across the state. Solar photovoltaic water pumping systems play a crucial role in reducing dependence on grid electricity and diesel, while providing farmers with reliable and sustainable irrigation solutions.

Focus On Quality And Energy Efficiency

Shakti Pumps continues to position itself as a provider of high-quality, reliable and energy-efficient solar pumping solutions. Its consistent success in securing large-scale government projects reflects its execution capabilities, product quality and alignment with national and state-level renewable energy goals.

Growth Outlook And Market Position

With rising emphasis on sustainable agriculture and renewable energy, solar pump programmes are expected to remain a key growth driver. Shakti Pumps’ expanding presence across regions and its growing order book strengthen its visibility and long-term growth prospects in the solar irrigation segment.

Mr. Dinesh Patidar, Chairman of Shakti Pumps (India) Limited, said, “The order received from the Karnataka Renewable Energy Development Limited marks another important milestone for Shakti Pumps and reflects the continued trust placed in our capabilities by state agencies.” 

He further added, “The cumulative orders received recently across various states reaffirm the growing adoption of solar pumping solutions across the country, as well as our ability to effectively address this growing demand. As we move forward, we remain focused on timely execution, technological innovation, and contributing to India’s renewable energy and sustainable agriculture goals.”

Shakti Pumps Share Price Performance

On January 12, 2026, Shakti Pumps share price (NSE: SHAKTIPUMP) opened at ₹724.50, up from its previous close of ₹685.15. At 12 PM, the share price of Shakti Pumps was trading at ₹706.70, up by 3.15% on the NSE.

Also Read: Shakti Pumps Secures ₹67.32 Crore Solar Pump Order Under PM-KUSUM Scheme!

Conclusion

The ₹654 crore Karnataka order marks a strategic milestone for Shakti Pumps, reinforcing its leadership in solar pump solutions and paving the way for deeper penetration into southern India’s renewable energy and agriculture markets.

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