Maharashtra has set a new Guinness World Record in renewable energy adoption, installing an impressive 45,911 solar water pumps in just one month under the Magel Tyala Solar Pump initiative. Shakti Pumps (India) Limited emerged as the frontrunner in this monumental effort, contributing a substantial 8,846 installations to the state's achievement.

Record-Breaking Achievement

The Government of Maharashtra and Maharashtra State Electricity Distribution Company Limited (MSEDCL) announced the completion of this unprecedented feat at a ceremony held in Aurangabad. This initiative marks one of the largest and fastest renewable irrigation deployments globally, showcasing Maharashtra's commitment to sustainable agriculture and clean energy.

Shakti Pumps: A Key Contributor

Shakti Pumps (India) Limited's significant contribution of 8,846 solar pump installations—the highest among all participating companies—reinforces its position as a national leader in solar pumping technology. This achievement not only demonstrates the company's strong engineering capabilities but also highlights its crucial role in India's transition to renewable energy sources.

Impact on Agriculture and Rural Development

The Magel Tyala Solar Pump initiative is set to transform irrigation access for farmers across Maharashtra. By enabling daytime solar-powered irrigation and providing free household electricity at night, the program aims to reduce farming and living expenses significantly. This solar initiative represents a strong push towards:

• Clean energy adoption in agriculture
• Improved agricultural efficiency
• Long-term rural transformation

Leadership Perspective

Mr. Dinesh Patidar, Chairman of Shakti Pumps (India) Limited, expressed pride in the company's contribution: "Being the largest contributor with 8,846 installations reflects our strong engineering capabilities and the trust placed in us. This initiative has empowered thousands of farmers with reliable, clean-energy irrigation, and we are honored to support a historic achievement recognized on a global stage."

PMKUSUM Scheme Impact

The PM-KUSUM (Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan) scheme, a flagship initiative of the Government of India, has been instrumental in promoting solar energy-driven irrigation solutions. Shakti Pumps has played a significant role in this scheme, installing a substantial number of solar pumps across various states.

Conclusion

This record-setting achievement not only showcases Maharashtra's commitment to sustainable agriculture but also highlights Shakti Pumps' pivotal role in driving India's renewable energy transition. As the country moves towards its clean energy goals, initiatives like these pave the way for a more sustainable and self-reliant agricultural sector.

Shakti Pumps , a leading manufacturer of energy-efficient pumps and motors, has reaffirmed its ambitious growth targets for the fiscal year 2026 and announced potential revenue from its solar project. The company's management has expressed confidence in achieving substantial revenue growth and maintaining strong profit margins.

Key Financial Targets

The company's guidance suggests a robust outlook for its operations and financial performance in the coming years. Shakti Pumps aims to capitalize on the growing demand for energy-efficient pumping solutions across various sectors.

Revenue Growth Strategy

Shakti Pumps' target of 20-25% revenue growth indicates the company's expansion plans. This growth may be driven by:

• Increased market penetration in existing segments
• Expansion into new geographical markets
• Introduction of innovative product lines
• Potential government initiatives promoting energy-efficient solutions

Solar Project Revenue Potential

Shakti Pumps announced that its solar project could generate ₹3,000.00 crores in revenue at 75% capacity utilization. The company projects EBITDA margins of 15.00% for this project, with an expected payback period of 3 years. This new venture could significantly contribute to the company's overall growth strategy.

Profitability Focus

With a projected EBITDA margin of 24.00% for the overall business, Shakti Pumps demonstrates its commitment to maintaining high profitability. This target suggests:

• Effective cost management strategies
• Improved operational efficiencies
• Focus on high-margin products and services

Working Capital Management

The company expects to achieve a 120-day receivable cycle. This target indicates:

• Improved cash flow management
• Enhanced credit control policies
• Better alignment with industry standards

Performance Outlook

Shakti Pumps expects better performance in the second half compared to the first half, based on historical trends. This outlook aligns with the company's ambitious growth targets and suggests potential for improved financial results in the coming periods.

Investor Communication

In line with its commitment to transparency, Shakti Pumps recently held a conference call to discuss its unaudited financial results for the quarter and half-year ended September 30. The audio recording of this call has been made available on the company's website, allowing investors and analysts to gain deeper insights into the company's performance and future outlook.

Promoter Confidence

Recent regulatory filings indicate that promoter entities have been increasing their stake in the company:

• Shakti Future Trust acquired 11,000 equity shares
• Shakti Sons Trust acquired 27,000 equity shares

These acquisitions by promoter group entities may be seen as a sign of confidence in the company's future prospects and alignment with the stated growth objectives.

While Shakti Pumps' guidance paints an optimistic picture for FY26 and its solar project shows promising potential, investors should note that actual results may vary based on market conditions, economic factors, and the company's ability to execute its strategies effectively. As always, it is advisable to conduct thorough research and consider various factors before making investment decisions.