Shakti Pumps (India) Limited has informed the Exchange about Press Release on Maiden Order received from Karnataka under the PM KUSUM B Scheme.
SHAKTIPUMP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Shakti Pumps has received its maiden order from Karnataka Renewable Energy Development Limited for installing 16,780 Solar Photovoltaic Water Pumping Systems, valued at Rs. 654.03 Crores (inclusive of GST). This marks the company's entry into the Southern region, expanding its geographic footprint beyond its traditional markets. The Karnataka win is part of a larger Rs. 1,900 Crores in cumulative orders secured across multiple states (Madhya Pradesh, Jharkhand, Haryana, Maharashtra, Karnataka) in just the last one month. The order falls under the Karnataka Government's solar agriculture initiative aimed at promoting renewable energy and improving irrigation. The company has an annual manufacturing capacity of 500,000 pumps and motors at its Pithampur facilities, positioning it well for execution.
Significantly positive for revenue visibility — a single Rs. 654 Cr order and Rs. 1,900 Cr in cumulative monthly wins represent a substantial share of the company's annual revenue, likely supporting strong earnings growth and reinforcing Shakti Pumps' leadership in the government-backed solar pump segment.