Shakti Pumps (India) Limited has informed the Exchange about Press Release regarding Maiden Order received from Karnataka under the PM KUSUM B Scheme.
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Shakti Pumps has received its first-ever order from Karnataka, awarded by Karnataka Renewable Energy Development Limited, for installing 16,780 Solar Photovoltaic Water Pumping Systems (SPWPS) valued at Rs. 654.02 Crores (inclusive of GST). The order is under the central government's PM KUSUM B Scheme and marks the company's entry into the Southern region. This win is part of a strong recent run, with cumulative orders of Rs. 1,900 Crores secured in just the last one month across states including Madhya Pradesh, Jharkhand, Haryana, Maharashtra, and now Karnataka. The company manufactures solar pumps and related components in-house at its Pithampur facilities and supplies to over 100 countries.
The Rs. 654 Cr Karnataka win expands Shakti Pumps' geographic footprint into the South and adds meaningful revenue visibility. Combined with Rs. 1,900 Cr in cumulative recent orders, this signals strong government-led demand for solar pumps, which is positive for near-term topline growth, though execution and working capital needs will be key things to watch.