Shakti Pumps Secures ₹170.25 Crore Order for Solar Pumps from MP Urja Vikas Nigam
Shakti Pumps (India) Limited has received a new work order worth ₹170.25 Crores (including GST) from Madhya Pradesh Urja Vikas Nigam Limited. The order is for 4,840 Off-Grid DC Solar Photovoltaic Water Pumping Systems under the PM-KUSUM scheme. Execution is to be completed within 120 days.
The order value of ₹170.25 Crores is significant for the company and represents a major new business win.
The company has secured a substantial new order, which is expected to boost its revenue and market presence.
Shakti Pumps (India) Limited has announced the receipt of a significant new work order from Madhya Pradesh Urja Vikas Nigam Limited. The order is for 4,840 Stand-alone Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) to be deployed across the entire state of Madhya Pradesh.
This initiative falls under Component-B of the PM-KUSUM scheme. The total value of this order is approximately ₹170.25 Crores, inclusive of Goods and Services Tax (GST). The company is expected to execute this contract within a timeframe of 120 days from the award date.
The scope of work for this contract includes the design, manufacture, supply, transport, installation, testing, and commissioning of these solar water pumping systems. The commercial consideration for the order is ₹156.34 Crores before GST. Madhya Pradesh Urja Vikas Nigam Limited is the domestic entity awarding this contract, and there are no promoter or group company interests in the awarding entity, nor does it fall under related party transactions.
What to do with a filing like this
Shakti Pumps (India) Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
That call is the part a filing cannot make for you. On RealCase, SEBI-registered research analysts and investment advisers read announcements like this one and turn the ones that matter into actions inside their model portfolios: a change in weight, a hold, or nothing at all. You are not left working out which of the roughly 250 filings published each day needs a response. The portfolio you follow is updated when a filing actually warrants it, with the reason written down.
See the model portfoliosA plain-language summary of a public exchange filing by Shakti Pumps (India) Limited. Read the original for the full detail.