Shakti Pumps Secures ₹170.25 Crore Order for Solar Pumps from MP Urja Vikas Nigam
Shakti Pumps (India) Limited has announced the receipt of a significant new work order from Madhya Pradesh Urja Vikas Nigam Limited. The order is for 4,840 Stand-alone Off-Grid DC Solar Photovoltaic W...
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Why is Shakti Pumps (India) Limited in the news today?
Shakti Pumps (India) Limited (SHAKTIPUMP) is in the news due to the company has secured a substantial new order, which is expected to boost its revenue and market presence.
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Shakti Pumps Secures ₹170.25 Crore Order for Solar Pumps from MP Urja Vikas Nigam
December 31, 2025, 05:09 AM
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Shakti Pumps (India) Limited has announced the receipt of a significant new work order from Madhya Pradesh Urja Vikas Nigam Limited. The order is for 4,840 Stand-alone Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) to be deployed across the entire state of Madhya Pradesh.
This initiative falls under Component-B of the PM-KUSUM scheme. The total value of this order is approximately ₹170.25 Crores, inclusive of Goods and Services Tax (GST). The company is expected to execute this contract within a timeframe of 120 days from the award date.
The scope of work for this contract includes the design, manufacture, supply, transport, installation, testing, and commissioning of these solar water pumping systems. The commercial consideration for the order is ₹156.34 Crores before GST. Madhya Pradesh Urja Vikas Nigam Limited is the domestic entity awarding this contract, and there are no promoter or group company interests in the awarding entity, nor does it fall under related party transactions.
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