Shakti Pumps wins ₹374 crore order for off-grid solar water pumps

Shakti Pumps (India) Limited has secured a fresh order worth ₹374 crore from the Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the supply and installation of 34,720 off-grid solar water pumping systems under the government’s Magel Tyala Saur Krushi Pump Yojana / PM-KUSUM B scheme.The latest tranche, comprising 12,451 systems valued at ₹347.41 crore, was fully booked by farmers across Maharashtra, reflecting strong demand for Shakti Pumps’ technology.

This follows a first tranche of 10,000 systems, worth about ₹268.88 crore, which was also quickly taken up.

With 22,451 systems already committed across both tranches, the company has now logged total orders worth over ₹616 crore towards its empanelled capacity of 34,720 pumps.Chairman Dinesh Patidar said the company’s long-standing presence in Maharashtra and strong execution record place it in a good position to deliver on the order within deadlines.

“We remain committed to empowering farmers with sustainable and energy-efficient water solutions that enhance agricultural productivity,” he added.

Founded in 1982, Shakti Pumps manufactures energy-efficient solar pumps, motors and related components, and exports to more than 100 countries. It remains India’s first five-star rated pump maker.

On Friday, shares of Shakti Pumps (India) Ltd rose 6.43% to ₹861 on the NSE.