Shakti Pumps has secured a major solar pump order worth ₹654 crores, marking a significant milestone for the company's solar pumping solutions business. This substantial order win demonstrates the company's strong market position and technical capabilities in the renewable energy-powered water pumping segment.

Order Details

The following table summarizes the key details of this major order:

Business Impact

This significant order represents a major business development for Shakti Pumps, reinforcing the company's position as a key player in the solar pumping solutions market. The substantial value of ₹654 crores indicates the scale and importance of this contract for the company's revenue pipeline.

The order win reflects the growing demand for sustainable and energy-efficient water pumping solutions across various applications. Solar pumps offer an environmentally friendly alternative to conventional diesel-powered pumps, particularly beneficial in rural and remote areas where grid connectivity may be limited.

Market Position

This large order demonstrates Shakti Pumps' ability to secure significant contracts in the competitive solar pumping market. The company's success in winning such substantial orders indicates its technical expertise and market credibility in delivering reliable solar-powered pumping systems.

The order is expected to contribute meaningfully to the company's business performance and strengthens its portfolio in the renewable energy solutions segment.

Shakti pumps (India) Limited has secured a major contract from the Karnataka government for solar water pumping systems, marking a significant milestone in the company's renewable energy portfolio. The company announced receiving its first letter of award from Karnataka Renewable Energy Development Limited under the PM-KUSUM scheme.

Contract Overview

The comprehensive agreement covers 16,780 stand-alone off-grid DC solar photovoltaic water pumping systems to be deployed across the entire state of Karnataka. The project falls under Component-B of the PM-KUSUM scheme, a government initiative promoting solar-powered agricultural equipment.

Financial Details

The contract represents substantial revenue potential for Shakti Pumps, with the total project value structured across different components:

Project Scope and Timeline

The contract encompasses a comprehensive range of services beyond simple equipment supply. Shakti Pumps will be responsible for the complete project lifecycle, ensuring end-to-end delivery of functional solar water pumping systems.

Key project responsibilities include:

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

The company must complete all project deliverables on or before March 31, 2026, providing a clear timeline for execution and revenue recognition.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that neither promoters nor group companies have any interest in the awarding entity, and the contract does not constitute a related party transaction, ensuring arm's length commercial terms.

Strategic Significance

This contract represents Shakti Pumps' continued expansion in the renewable energy sector, particularly in solar-powered agricultural solutions. The PM-KUSUM scheme aims to enhance farmers' income while promoting sustainable agricultural practices through solar technology adoption across India.