Shakti Pumps witnessed a sharp rally on December 11, jumping over 13% after the company announced a major order win from the Maharashtra State Electricity Distribution Company Limited (MSEDCL). The stock surged to ₹624.75 per share, breaking an eight-session losing streak and attracting strong investor interest.
Major Order Under PM Kusum B Scheme
The company revealed that it has received a letter of empanelment from MSEDCL for supplying 16,025 off-grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) across Maharashtra.
These pumps will be deployed under the Magel Tyala Saur Krushi Pump Yojana / PM Kusum B Scheme, aimed at promoting solar-powered irrigation for farmers.
Order Value and Timeline
- Total contract value: ₹443.78 crore (including GST)
- Number of pumps: 16,025 units
- Project completion timeline: 60 days
The sizable domestic order highlights strong demand for renewable-energy-driven irrigation solutions and further strengthens Shakti Pumps’ presence in the solar pumping segment.
