Shakti Pumps Wins ₹170 Cr Solar Pump Order Under PM-KUSUM Scheme

 Shakti Pumps (India) Limited has received a major order worth approximately ₹170.25 crore, providing a strong boost to the company’s order book and long-term growth visibility.

The company disclosed this development through an official filing with stock exchanges under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Highlights of the Order

• Order Value: ₹170.25 Crores (inclusive of GST)
• Client: Urja Vikas Nigam Limited, Madhya Pradesh
• Product: Standalone Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS)
• Quantity: 4,840 Solar Water Pumps
• Execution Period: Within 120 days
• Scheme: PM-KUSUM (Component-B)
• Coverage Area: Entire state of Madhya Pradesh

This order is part of the government’s renewable energy and sustainable irrigation initiative, aimed at supporting farmers through solar-powered solutions.

Strategic Importance of the Order

The PM-KUSUM scheme is a flagship program of the Government of India, promoting clean energy adoption in agriculture. Winning such a large order highlights:

• Shakti Pumps’ strong execution capability
• Its leadership in solar pumping solutions
• Growing trust from government and state agencies

The order further strengthens the company’s presence in the renewable energy and agri-infrastructure segment.

Impact on Business Outlook

This ₹170 crore contract is expected to:

• Improve revenue visibility for upcoming quarters
• Strengthen the company’s order backlog
• Enhance long-term growth prospects

With increasing government focus on solar energy and water efficiency, Shakti Pumps remains well-positioned to benefit from future opportunities.

Final Thoughts

The latest order win reinforces Shakti Pumps’ position as a key player in India’s solar water pumping market. Continued execution of such large-scale projects could positively impact the company’s operational performance and investor sentiment.

Investors and market participants will closely track execution progress and further order inflows in the coming months.

 Disclaimer

This article is for informational purposes only and should not be considered as investment advice. Stock market investments are subject to market risks. Please consult a certified financial advisor before making investment decisions.