Shakti Pumps Secures ₹67.32 Crore Order for Solar Pumps in MP
Shakti Pumps (India) Limited has announced the receipt of a significant new work order from Madhya Pradesh Urja Vikas Nigam Limited. This order is for the supply of 1,952 Stand-alone Off-Grid DC Solar...
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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 positively impact its revenue and business growth.
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Shakti Pumps Secures ₹67.32 Crore Order for Solar Pumps in MP
January 1, 2026, 06:47 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. This order is for the supply of 1,952 Stand-alone Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) across the entire state of Madhya Pradesh.
The project falls under Component-B of the PM-KUSUM scheme. The total value of this order is approximately ₹67.32 Crores, inclusive of GST. The company is expected to execute this order within 120 days from the date of the award.
The scope of work includes the design, manufacture, supply, transport, installation, testing, and commissioning of these solar pumping systems. The commercial consideration for the order is ₹61.82 Crores before GST, amounting to ₹67.32 Crores after GST. Shakti Pumps (India) Limited has confirmed that there is no promoter or group company interest in the awarding entity, and the contract does not fall under related party transactions.
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