Shakti Pumps (India) Limited has secured a substantial order from the Haryana Renewable Energy Department (HAREDA), marking a significant milestone in the company's renewable energy business segment. The contract involves the supply of 792 solar water pumping systems with a total value of ₹23.54 crores under Component-B of the PM-KUSUM scheme.

Order Details and Specifications

The comprehensive order encompasses multiple aspects of solar water pumping infrastructure for Haryana state. The contract details are outlined below:

Scope of Work and Implementation

The contract encompasses the complete lifecycle of solar water pumping system deployment. The scope includes design, manufacture, supply, installation, testing, and commissioning of solar water pumping systems across Haryana state. This comprehensive approach ensures end-to-end project delivery and operational readiness of the systems.

Strategic Significance for Renewable Energy Sector

This order represents a significant contribution to Haryana's renewable energy infrastructure development under the PM-KUSUM scheme. The solar water pumping systems will provide sustainable irrigation solutions, supporting the state's agricultural sector while reducing dependence on conventional energy sources. The 90-day completion timeline indicates an urgent requirement for these systems, likely aligned with upcoming agricultural seasons.

Regulatory Compliance and Disclosure

The company has made the announcement under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015. The order qualifies as a material event requiring disclosure to stock exchanges, reflecting its significance for the company's business operations. The contract is with a domestic entity and does not involve any related party transactions.

Business Impact and Market Position

The ₹23.54 crore contract strengthens Shakti Pumps India's position in the solar water pumping market. The order from a state government department validates the company's technical capabilities and product reliability in the renewable energy sector. The substantial quantity of 792 units demonstrates the scale of operations and manufacturing capacity that Shakti Pumps can handle within tight delivery schedules.

Shakti pumps India has announced securing a major work order worth ₹67.32 crores from Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL). The order encompasses the supply of 1,952 off-grid DC solar pumping systems, marking a significant business development for the company in the renewable energy sector.

Order Details and Specifications

The comprehensive order details highlight the scale and scope of this business opportunity:

Project Timeline and Execution

The company has committed to completing the entire order within 120 days, demonstrating its manufacturing capabilities and project execution efficiency. This tight timeline reflects Shakti Pumps India's confidence in its production capacity and supply chain management. The 120-day completion schedule indicates the company's readiness to handle large-scale orders while maintaining quality standards.

Strategic Significance

This order from MPUVNL represents a substantial addition to Shakti Pumps India's order book and reinforces its position in the solar pumping systems market. The partnership with Madhya Pradesh Urja Vikas Nigam Limited, a state government entity, underscores the company's credibility in executing government projects. The focus on off-grid DC solar pumping systems aligns with India's renewable energy initiatives and the growing demand for sustainable irrigation solutions.

Market Impact

The ₹67.32 crore order demonstrates the increasing adoption of solar-powered pumping solutions across Indian states. Off-grid DC solar pumping systems are particularly relevant for rural and remote areas where conventional power supply may be limited or unreliable. This business development positions Shakti Pumps India as a key player in supporting India's agricultural modernization through renewable energy solutions.