8 months ago
Shakti Pumps Secures Rs 443.78 Crore Solar Pump Order
Shakti Pumps, an Indian company, has received a big order worth Rs 443.78 crore.
This order is from a company called MSEDCL in Maharashtra.
They need to supply and install 16,025 solar-powered water pumps across the state.
These pumps will be used to help farmers by providing water using solar energy.
The pumps come in different sizes, like 3 HP, 5 HP, and 7.5 HP.
The company has to complete this work within 60 days.
The order is part of two government schemes to promote solar energy in farming.
The share price of Shakti Pumps has been going down this year, but it recently went up by 17% after the order was announced.
The company has a big order book and is doing well in other countries too, but it faces challenges like rising raw material prices and weather delays.
Shakti Pumps secures Rs 443.78 crore order from MSEDCL for solar pumps in Maharashtra.
Order includes 16,025 off-grid DC solar photovoltaic water pumping systems of 3 HP, 5 HP, and 7.5 HP capacities.
Project is part of Magel Tyala Saur Krushi Pump Yojana and PM Kusum B Scheme.
Company must complete the order within 60 days from the issuance of the work order.
Shakti Pumps' share price has declined over 40% so far this year but surged 17% after the order announcement.
- Who
- Shakti Pumps (India) and Maharashtra State Electricity Distribution Company (MSEDCL)
- What
- Supply and installation of 16,025 off-grid DC solar photovoltaic water pumping systems
- Where
- Across Maharashtra, India
- When
- Order to be executed within 60 days from the issuance of the work order
- Why
- To promote solar-powered water pumping under government schemes
Positive Outlook
Negative Outlook
Stock Performance
Positive Outlook
Shakti Pumps' shares surged 17% following the order announcement, indicating investor confidence in the company's growth prospects.
Negative Outlook
Despite the recent surge, the stock has declined over 40% since the start of 2025, raising concerns about its long-term performance.
Order Book and Revenue
Positive Outlook
The company's order book stood at Rs 13,000 crore at the end of Q2, with encouraging inflows from Maharashtra, indicating strong future prospects.
Negative Outlook
Rising raw material prices and an extended monsoon impacted the company's operating margins, which declined to 20.4% from 23.4% year-on-year.
Key facts
- Order Value
- Rs 443.78 crore (including GST)
- Order Value (excluding GST)
- Rs 407.51 crore
- Number of Pumps
- 16,025
- Pump Capacities
- 3 HP, 5 HP, 7.5 HP
- Schemes
- Magel Tyala Saur Krushi Pump Yojana, PM Kusum B Scheme
- Execution Time
- 60 days from Notice to Proceed
- Client
- Maharashtra State Electricity Distribution Company (MSEDCL)
- Order Book (Q2)
- Rs 13,000 crore
- Revenue (Q2)
- Rs 6,664 million
- Operating Margins (Q2)
- 20.4%
- Market Cap (Post-Surge)
- Rs 7,971 crore
- 52-Week High
- Rs 1,398 (January 9, 2025)
- 52-Week Low
- Rs 549 (December 10, 2025)
- RSI
- 11 (Oversold Zone)
Quotes
Shakti Pumps
A company that manufactures various types of pumps, including solar pumps, and exports to nearly 100 countries.
“We would like to inform you that the Shakti Pumps (India) Limited has received a Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited for 16,025 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) pumps of 3 HP, 5 HP, 7.5 HP for the entire state of Maharashtra under Magel Tyala Saur Krushi Pump Yojana /PM Kusum B Scheme. The total value of the 16025 pumps is around Rs. 443.78 Crores (inclusive of GST) which is to be executed within 60 days from the issuance of work order/NTP”
businesstoday.in
Sources
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