Shakti Pumps Gets ₹112.18 Crore Maharashtra Order; Shares Rise 1.17%

Mumbai, October 6: Shakti Pumps (India) Limited has received a Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for 4,755 off-grid solar photovoltaic water pumping systems under the Magel Tyala Saur Krushi Pump Yojana.

According to the exchange filing, the order covers the design, manufacture, supply, transportation, installation, testing and commissioning of off-grid solar photovoltaic water pumping systems across Maharashtra.

The total order value is ₹112.18 crore, including GST, while the value before GST is ₹103.01 crore. The company is required to execute the work within 60 days from the issuance of the work order or Notice to Proceed.

Stock Market Snapshot

The Shakti Pumps share price stood at ₹448.60 as of 12:36:26 PM IST on October 6, 2026, according to the market data.

The stock was up ₹5.20, or 1.17%, at the time. Shares had moved higher during the session, with the stock trading close to the ₹449 mark around the latest reported time.

The market movement came as the company disclosed the empanelment order from MSEDCL.

Maharashtra Government Scheme Drives Order

MSEDCL is the entity awarding the order, and the filing classifies the transaction as domestic. The company said there is no interest of the promoter or promoter group in the awarding entity, and the order does not fall within related-party transactions.

The empanelment is linked to the Magel Tyala Saur Krushi Pump Yojana, a Maharashtra government programme focused on solar-powered agricultural water pumping systems. For Shakti Pumps, the order adds to its business in solar pumping equipment and related installation and commissioning work.

Conclusion

The ₹112.18 crore empanelment gives Shakti Pumps a sizeable order covering 4,755 solar water pumping systems across Maharashtra. With execution scheduled within 60 days of the work order or Notice to Proceed, the project is expected to involve a relatively short delivery and implementation cycle.

The company disclosed the development to the BSE and NSE under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Source:

• https://www.nseindia.com/get-quote/equity/SHAKTIPUMP/Shakti-Pumps-(India)-Limited
• https://nsearchives.nseindia.com/corporate/SHAKTIPUMP_06102026122041_LetterofEmpanelmentfromMSEDCL.pdf