Shakti Pumps (India) Limited has informed the Exchange about the Company has received a Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited for 34,720 Off‐Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) which is to be executed within one year for the entire state of Maharashtra under Magel Tyala Saur KrushiPump Yojana/PM KUSUM B. The total value of the 34,720 pumps is around Rs. 1,037 Crores (inclusive of GST).
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Shakti Pumps has received a Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for 34,720 off-grid DC solar photovoltaic water pumping systems. The total order value is approximately Rs. 1,037 Crores (inclusive of GST) and will be executed across the entire state of Maharashtra under the Magel Tyala Saur Krushi Pump Yojana, which is part of the central government's PM KUSUM B scheme. The empanelment is valid for up to one year, with installation to be completed within 60 days of receiving the work order. The scope includes design, manufacture, supply, transport, installation, testing, and commissioning of the pumps. Management stated this order significantly enhances the company's existing order book and reinforces its leadership in the solar pumps market.
This is a large government-backed domestic order that materially strengthens Shakti Pumps' order book visibility and reinforces its position as a leading player in the solar pump segment. Given the order size relative to the company's revenue base, this is likely to be a positive catalyst for the stock, though execution risk within tight timelines remains a key monitorable.