Shakti Pumps Share Price Jumps Over 6% After Receiving Order of ₹654 Crore for Solar Water Pumps

On Monday, Shakti Pumps (India) share price jumped over 6% in the early trading session. The company has announced the receipt of its first Letter of Award from Karnataka Renewable Energy Development Limited for a massive state-wide solar infrastructure project. This domestic contract marks a significant expansion for the company under the framework of the PM-KUSUM scheme.

Shakti Pumps Project Scope and Financials

The contract involves the comprehensive execution of 16,780 stand-alone off-grid DC solar photovoltaic water pumping systems (SPWPS) to be deployed across the entire state of Karnataka. Shakti Pumps will be responsible for the design, manufacture, supply, transport, installation, testing, and commissioning of these units.

The financial magnitude of the agreement is substantial:

• Base Contract Value: ₹600.58 Crore.
• Total Value (inclusive of GST): ₹654.03 Crore.

The company is working under a condensed execution window, with a mandate to complete the implementation of all 16,780 pumping systems on or before March 31, 2026. This project is being carried out specifically under Component-B of the PM-KUSUM scheme, a government initiative aimed at providing energy security to farmers through solar power.

Shakti Pumps (India) Order Book

Tejas Networks highlighted a strong order book position and stated that it expects substantial order inflows over the next few months from multiple states. As of November 7, 2025, the company’s outstanding order book stood at approximately ₹1,300 crore (inclusive of GST), driven by demand for both Off-Grid Solar Photovoltaic Water Pumping Systems (SPWPS) and Grid-Connected Solar Water Pumping Systems across India.

Under the SPWPS category, major orders included Magel Tyala Saur Urja Yojana in Maharashtra (₹464 crore), Department of Agriculture, Uttar Pradesh (₹367 crore), MSEDCL & MEDA in Maharashtra (₹90 crore), MP Urja Vikas Nigam Limited in Madhya Pradesh (₹85 crore), HAREDA in Haryana (₹11 crore), and other orders from Rajasthan, Jharkhand and Uttarakhand (₹14 crore). In the Grid-Connected segment, orders included Ajmer Vidyut Vitran Nigam Limited (₹138 crore) and projects in Uganda along with other domestic and export orders (₹131 crore).

Shakti Pumps (India) Share Price Jumped by Over 6% on Monday

On Monday, Shakti Pumps share price jumped over 6% to its intraday high of ₹ 761.65. As of 12:09 om IST, the share price was trading at ₹ 712.55 per share, up by 4%.