Shakti Pumps (India) Limited has informed the Exchange that Company has has received a Work Order from Madhya Pradesh Urja Vikas Nigam Limited for 1,897 Stand-alone Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) pumps under Component-B of PM-KUSUM scheme. The total value of the 1,897 pumps is around Rs. 65.20 Crores (inclusive of GST)
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 a work order from Madhya Pradesh Urja Vikas Nigam Limited, a Madhya Pradesh government undertaking, for 1,897 Stand-alone Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS). The order is under Component-B of the central government's PM-KUSUM scheme aimed at promoting solar-powered agricultural pumps. The total contract value is around Rs. 65.20 Crores including GST. This is an addition to the company's order book in the solar pump segment, which has been a focus area given the government's push for solarisation of agriculture.
Positive for the company as it strengthens revenue visibility in the high-growth solar pump segment under a stable, government-backed scheme with low counterparty risk. Such orders typically support stock sentiment, though the Rs. 65 Crore size may need to be benchmarked against annual revenue to gauge materiality.