Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)Regulations, 2015 read with Schedule III thereof, we would like to inform you that theShakti Pumps (India) Limited has received the work order under Component-B ofPM-KUSUM scheme from Haryana Renewable Energy Department (HAREDA) for3,511 pumps. The Total Amount of Work Order inclusive of GST is Rs 122.14 Crores
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Shakti Pumps (India) Limited has secured a work order from the Haryana Renewable Energy Department (HAREDA) under the Component-B of the central government's PM-KUSUM scheme. The order is for the design, manufacture, supply, installation, testing and commissioning of 3,511 solar water pumping systems. The total contract value is Rs 122.14 Crores inclusive of GST (Rs 107.33 Crores + Rs 14.81 Crores GST). The work must be completed within 120 days from the date of issue of the work order, dated April 25, 2025. The order is fully domestic and is not a related-party transaction, with no promoter group interest in the awarding entity.
This is a sizable new government order for the company and adds meaningfully to its order book, supporting near-term revenue visibility for the solar pumps segment. The short 120-day execution window means revenue recognition could come quickly, which is positive for shareholders, though timely execution of a large order within such a tight timeline carries some execution risk.