Shakti Pumps Secures Maiden Karnataka Order Worth ₹654 Crore Under PM KUSUM B
Shakti Pumps India received a maiden order from Karnataka worth ₹654.03 Crores for 16,780 Solar Photovoltaic Water Pumping Systems. This adds to recent orders totaling ₹1,900 Crores across multiple states. The order is under Karnataka's solar agriculture initiative, promoting renewable energy.
The order value of ₹654.03 Crores is substantial and represents a new market entry for the company, positively impacting its order book and future revenue prospects.
The announcement details a significant new order win, expanding the company's market reach and reinforcing its position in the solar pumping solutions sector.
Shakti Pumps (India) Limited has announced a significant addition to its order book with a maiden order from Karnataka Renewable Energy Development Limited. The order is for the installation of 16,780 Solar Photovoltaic Water Pumping Systems (SPWPS) and has an aggregate value of ₹654.03 Crores, inclusive of GST.
This development marks the company's entry into the Southern region, expanding its reach and opening new markets. It follows a series of wins in various states including Madhya Pradesh, Jharkhand, Haryana, and Maharashtra within the last month, bringing the cumulative orders to ₹1,900 Crores (inclusive of GST).
The order has been awarded under the Karnataka Government's solar agriculture initiative, aimed at promoting renewable energy adoption and enhancing irrigation infrastructure. Mr. Dinesh Patidar, Chairman of Shakti Pumps, stated that this milestone reflects the continued trust in the company's capabilities and reaffirms the growing adoption of solar pumping solutions across the country. He emphasized the company's focus on timely execution, technological innovation, and contributing to India's renewable energy and sustainable agriculture goals.
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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.
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See the model portfoliosA plain-language summary of a public exchange filing by Shakti Pumps (India) Limited. Read the original for the full detail.