Shakti Pumps Secures ₹21 Crore Jharkhand Order for Solar Water Pumping Systems
Shakti Pumps (India) Limited has announced the receipt of a significant order from the Jharkhand Renewable Energy Development Agency. The order is for 1,000 units of stand-alone off-grid Solar Photovo...
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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 new order, which is generally positive for business growth and revenue.
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Shakti Pumps Secures ₹21 Crore Jharkhand Order for Solar Water Pumping Systems
December 30, 2025, 07:26 AM
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Shakti Pumps (India) Limited has announced the receipt of a significant order from the Jharkhand Renewable Energy Development Agency. The order is for 1,000 units of stand-alone off-grid Solar Photovoltaic Water Pumping Systems (SPWPS), to be installed at various locations across Jharkhand under Component-B of the PM-KUSUM scheme.
The total value of this work order is ₹21.00 Crores, inclusive of Goods and Services Tax (GST). The base value of the order is ₹19.29 Crores. The scope of work involves the design, manufacture, supply, transport, installation, testing, and commissioning of these solar pumping systems. The company is expected to complete the order within 120 days from the date of the Notice Inviting Tender (NIT).
This order is considered a domestic contract, and there is no interest from the promoter or promoter group in the awarding entity. The transaction is also not considered a related party transaction conducted at an arm's length.
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