Shakti Pumps bags Rs 65.20 Cr solar pump order from MP govt under PM-KUSUM

Govt Defence OrderBusiness Updates View source PDF Explain this filing

SHAKTIPUMP · price

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Price reactionminutes from the announcement price · days from the prior close

+1.6%Reaction day

₹729.35

prior close

₹740.95

announcement price

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Nifty Microcap 250market · index membership as recorded later (tracked since Jun 2026)-0.5%+2.1% vs market

Compressors Pumps & Diesel Engines peers, median of 12sector-0.3%+1.9% vs sector

On the reaction day the stock moved 2.1 pts more than Nifty Microcap 250 and 1.9 pts more than its Compressors Pumps & Diesel Engines peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

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Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Shakti Pumps India received a work order from Madhya Pradesh Urja Vikas Nigam Limited for 1,897 stand-alone off-grid DC solar water pumping systems. The order, under Component-B of the central PM-KUSUM scheme, is worth around Rs 65.20 crores inclusive of GST, with a base value of Rs 59.88 crores. Scope covers design, manufacture, supply, transport, installation, testing and commissioning. Execution timeline is 120 days. The order is domestic and not a related party transaction.

Likely market impact

Positive. Strengthens order book and revenue visibility from government solar pump business.