Shakti Pumps (India) Limited has informed the Exchange that Company has further received New Work Order from Madhya Pradesh Urja Vikas Nigam Limited for 1,952 Stand-alone Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) pumps under Component-B of PM-KUSUM scheme. The total value of the 1,952 pumps is around Rs. 67.32 Crores (inclusive of GST)
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Shakti Pumps has received a new work order from Madhya Pradesh Urja Vikas Nigam Limited, a state government entity, for 1,952 Stand-alone Off-Grid DC Solar Photovoltaic Water Pumping Systems under Component-B of the central government's PM-KUSUM scheme. The total order value is around Rs. 67.32 Crores (inclusive of GST), or Rs. 61.82 Crores excluding GST. The scope covers design, manufacture, supply, transport, installation, testing, and commissioning of the pumps across the entire state of Madhya Pradesh. The order is to be executed within 120 days, and there is no related party interest involved.
This is a positive development that strengthens Shakti Pumps' order book and signals continued government-driven demand for solar pumping systems. Short execution timeline of 120 days means revenue recognition should come quickly, supporting near-term earnings visibility.