Sahaj Solar Wins ₹63.50 Crore Government Order; Shares Climb over 3%

MUMBAI, April 29: Sahaj Solar Limited said Wednesday it has secured a ₹63.50 crore contract from Maharashtra State Electricity Distribution Co. Ltd. for solar-powered agricultural pumps under a government-backed scheme.

The project falls under the Magel Tyala Saur Krushi Pump Yojana, aligned with the PM KUSUM B programme, and involves the design, supply, installation and commissioning of off-grid solar photovoltaic water pumping systems across Maharashtra.

The systems will range from 3 HP to 7.5 HP capacity and will be deployed at farmer locations across multiple districts, the company said in a regulatory filing.

In addition to equipment supply, the contract includes a five-year comprehensive maintenance component, covering warranties, repairs and remote monitoring.

Stock Market Snapshot

Sahaj Solar share price moved higher following the announcement, reflecting investor interest in the scale of the contract.

The stock was trading at ₹159.05, up ₹5.70, or 3.72%, as of 10:20 a.m. IST on April 29, according to exchange data.

The gain suggests the market is factoring in improved revenue visibility, particularly given the size of the order relative to the company’s operations.

More Than Just Equipment Supply

Along with manufacturing and installation, Sahaj Solar will also handle long-term maintenance, adding a service layer that can provide recurring engagement over time.

Such structures are common in government-backed renewable projects, where reliability and upkeep are as important as initial deployment.

Riding a Policy-Backed Opportunity

The order is tied to the PM KUSUM scheme, which aims to expand solar-powered irrigation across India. These programs create steady demand for companies operating in decentralised solar solutions.

For Sahaj Solar Limited, this places it right in the middle of a growing segment linked to rural electrification and clean energy adoption.

Timely installation, efficient deployment across districts and managing working capital will determine how this translates into financial performance.

Source:

• https://www.nseindia.com/get-quote/equity/SAHAJSOLAR/Sahaj-Solar-Limited
• https://nsearchives.nseindia.com/corporate/SahajSolar_29042026100529_290426SSLLOEMSEDCL.pdf