Shakti Pumps (India) Limited has received a Letter of Award from the Maharashtra Energy Department Agency (MEDA) for the supply and installation of 445 off-grid Solar Photovoltaic Water Pumping Systems (SPWPS).
The project falls under Component-B of the Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan (PM-KUSUM) scheme, aimed at promoting solar-powered irrigation.
The total contract value stands at ₹12.42 crore, inclusive of GST. As per the order, Shakti Pumps will be responsible for the complete lifecycle of the project, including design, manufacturing, supply, transport, installation, testing, and commissioning of the solar pumps.
The entire project must be completed within 120 days from the issuance of the work order. The installations will be spread across various locations in Maharashtra, supporting farmers with reliable and sustainable irrigation solutions.
Shakti Pumps (India) Ltd specialises in the manufacturing of a diverse range of pumps and motors. The company also provides advanced water pumping solutions catering to various needs, including irrigation, horticulture, domestic water supply, as well as commercial and industrial applications.
On April 4, 2025, Shakti Pumps share price (NSE: SHAKTIPUMP) opened at ₹984.75, down from its previous close of ₹996.40. At 12:20 PM, the share price of Shakti Pumps was trading at ₹955.00, down by 4.15% on the NSE.
This order further strengthens Shakti Pumps’ presence in the solar energy segment and aligns with the government’s green energy and rural development initiatives. It also reinforces the company’s commitment to promoting clean energy technologies in India’s agriculture sector.
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Published on: Apr 4, 2025, 12:26 PM IST
Nikitha Devi
Nikitha is a content creator with 6+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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