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.

Shakti Pumps (India) Limited has announced securing a major work order worth ₹170.25 crores from Madhya Pradesh Urja Vikas Nigam Limited, marking a significant business development for the company in the renewable energy sector. Following the announcement, shares of the company are trading 4% higher at ₹728.40.

Order Details and Scope

The comprehensive order encompasses the supply of 4,840 stand-alone off-grid DC solar photovoltaic water pumping systems (SPWPS) for deployment across the entire state of Madhya Pradesh. This project falls under Component-B of the PM-KUSUM scheme, a government initiative aimed at promoting solar-powered agricultural solutions.

Project Specifications and Services

The work order requires Shakti Pumps to provide end-to-end services for the solar water pumping systems. The company will be responsible for the complete project lifecycle, ensuring comprehensive delivery of the solar pumping infrastructure.

Key services included in the contract:

• Design and manufacturing of solar photovoltaic water pumping systems
• Supply and transportation of equipment
• Installation and testing of systems
• Commissioning of the pumping infrastructure

Recent Order Wins and Business Pipeline

This marks Shakti Pumps' third order under the PM-KUSUM scheme this month, significantly strengthening its execution pipeline. The company earlier secured a ₹356.77 crore order and another ₹444 crore contract for supplying and installing off-grid DC solar photovoltaic water pumping systems across Maharashtra.

Additionally, the company informed exchanges of two other order wins - one worth ₹24.00 crores from the Jharkhand Renewable Energy Development Agency and another worth ₹71.25 crores from Madhya Pradesh Urja Vikas Nigam Limited.

Stock Performance and Market Position

Shares of Shakti Pumps are trading 4% higher following the order announcement. The stock has gained 10% during the current month, though it has declined 35% over the year. The latest order reinforces the company's position in the solar water pumping segment and its participation in government-backed renewable energy initiatives under the PM-KUSUM program aimed at promoting solar-powered agriculture infrastructure.