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Pyrifera Investment Advisors

11th Dec · SEBI-Registered Analyst

Shakti Pumps Secures ₹444 Crore Solar Pump Order for Maharashtra under PM-KUSUM

Shakti Pumps (India) Limited has been empaneled by the Maharashtra State Electricity Distribution Company Limited (MSEDCL) to supply 16,025 off-grid DC solar water pumping systems across Maharashtra under the PM-KUSUM B Scheme and state’s Magel Tyala Saur Krushi Pump Yojana. The order, valued at ₹407.51 crore (ex-GST) or ₹443.78 crore inclusive, covers 3 HP, 5 HP, and 7.5 HP pump capacities tailored for agricultural use. The project includes end-to-end execution—design, manufacturing, installation, testing, and commissioning—with a tight timeline of 60 days from work order issuance. This large-scale win highlights Shakti Pumps’ growing strength in the solar irrigation space and its capability to deliver complex, government-backed renewable energy projects. The scheme aims to boost energy independence for farmers and reduce grid load through solar-powered agriculture. Notably, the company confirmed the order was awarded on an arm’s length basis with no related-party involvement. This milestone reinforces Shakti Pumps’ strategic positioning in India’s clean energy transition and opens avenues for further expansion in the rapidly growing solar pump market.

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