Shakti Pumps shares surge 8% on Rs 354 crore solar pump order from MSEDCL

Shakti Pumps shares surged 8.3 percent to Rs 621.9 on the NSE after the company announced a Letter of Empanelment from MSEDCL for 15,000 off-grid solar photovoltaic water pumping systems worth around Rs 353.89 crore (including GST) across Maharashtra under the state government's Magel Tyala Saur Krushi Pump Yojana. The domestic order covers design, manufacturing, supply, installation, testing and commissioning, and is expected to be executed within 60 days of work order issuance. The stock has declined about 17 percent so far in 2026 and 35 percent over the past year, with a current market capitalisation of around Rs 7,606 crore.