Shakti Pumps (India) Ltd. has been empanelled by the Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the supply of 15,000 Off-Grid Solar Photovoltaic Water Pumping Systems (SPWPS), as per the exchange filings.
The order is part of the Magel Tyala Saur Krushi Pump Yojana, a state government programme for solar-powered irrigation. The company informed the stock exchanges of the development through a regulatory filing dated July 4, 2026.
According to the filing, the contract is valued at ₹324.96 crore before Goods and Services Tax (GST). Including GST, the total value stands at around ₹353.89 crore.
Shakti Pumps said the work is to be completed within 60 days from the issue of the Work Order or the Notice to Proceed (NTP).
The project covers the complete execution of solar pumping systems. This includes their design, manufacture, supply, transportation, installation, testing, and commissioning.
The empanelment includes pumps with capacities of 3 HP, 5 HP, and 7.5 HP, which will be supplied across Maharashtra under the state scheme.
The Magel Tyala Saur Krushi Pump Yojana is aimed at providing off-grid solar-powered water pumping systems for agricultural use in Maharashtra. Under the present empanelment, Shakti Pumps will supply systems with three different pump capacities for deployment across the state as specified in the order.
The company said the contract has been awarded by a domestic entity. It also stated that neither the promoter nor the promoter group has any interest in MSEDCL. In addition, Shakti Pumps confirmed that the contract is not a related-party transaction.
These details were disclosed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with the information prescribed under the relevant SEBI circular.
As of July 6, 2026, 11:08 am, Shakti Pumps (India) Ltd share price was trading at ₹601.45, up 4.71% from the previous closing price.
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The order adds 15,000 off-grid solar water pumping systems to Shakti Pumps' order book. The project, valued at ₹353.89 crore including GST, is scheduled to be completed within 60 days from the issuance of the work order or Notice to Proceed.
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Published on: Jul 6, 2026, 12:44 PM IST
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