Shakti Pumps (India) Limited has informed the Exchange that the Company has received a Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited for 16,025 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) pumps under Magel Tyala Saur Krushi Pump Yojana /PM Kusum B Scheme. The total value of the 16025 pumps is around Rs. 443.78 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 supply of 16,025 Off-Grid DC Solar Photovoltaic Water Pumping Systems. The order is awarded under the Magel Tyala Saur Krushi Pump Yojana, which is part of the central government's PM-KUSUM B Scheme promoting solar-powered agricultural pumps. The total contract value is approximately Rs. 443.78 Crores, inclusive of GST. This is a significant single-state government order for the company, strengthening its position in the solar agri-pump segment.
This is a sizable government order, likely a material addition to Shakti Pumps' order book, which should support revenue visibility over the next few quarters. The stock may see positive sentiment given the order size and association with a marquee central government scheme.