Archive · 10 Sep 2026
Shakti Pumps Bags Maharashtra Solar Pump Order, Shares Rise
Shakti Pumps received permission to provide 10,000 solar-powered water pumps in Maharashtra.
The project is worth about Rs 236 crore including GST.
MSEDCL, a Maharashtra electricity company, awarded the contract.
The pumps will help farmers irrigate their fields.
They come in three sizes: 3 HP, 5 HP and 7.5 HP.
Shakti Pumps must make, deliver, install and test them.
The work must be completed within 60 days after the official order begins.
Investors reacted positively, although the reported share-price increases differed between trading updates.
The project is part of Maharashtra’s Magel Tyala Saur Krushi Pump Yojana.
Shakti Pumps was empanelled by MSEDCL to supply 10,000 off-grid solar photovoltaic water pumping systems across Maharashtra.
The contract is valued at Rs 235.92 crore including GST, or Rs 216.64 crore before tax.
The company will design, manufacture, transport, install, test and commission pumps rated at 3 HP, 5 HP and 7.5 HP.
The systems will be deployed under Maharashtra’s Magel Tyala Saur Krushi Pump Yojana for agricultural irrigation.
Shares rose 12.11% to Rs 524.90 in one trading update, while another reported an almost 6% early-trade gain; execution is due within 60 days of the work order or Notice to Proceed.
- Who
- Shakti Pumps (India) and the Maharashtra State Electricity Distribution Company Limited (MSEDCL).
- What
- Shakti Pumps was empanelled to supply 10,000 off-grid solar photovoltaic water pumping systems under a Rs 235.92 crore contract.
- When
- MSEDCL’s disclosure was dated September 9; one report described trading on September 10, while another reported a 12.11% rise in Thursday’s trade. The project must be completed within 60 days of the work order or Notice to Proceed.
- Where
- Across Maharashtra, India.
- Why
- The pumps are intended for agricultural irrigation under the Magel Tyala Saur Krushi Pump Yojana.
- Contract value
- Rs 235.92 crore including GST; Rs 216.64 crore before tax
- Number of systems
- 10,000 off-grid solar photovoltaic water pumping systems
- Pump capacities
- 3 HP, 5 HP and 7.5 HP
- Awarding entity
- Maharashtra State Electricity Distribution Company Limited (MSEDCL)
- Execution period
- 60 days from issuance of the work order or Notice to Proceed
- Share-price reaction
- One report said shares rose 12.11% to Rs 524.90 from Rs 468.20; another reported an almost 6% early-trade gain
- Earlier empanelment
- A July MSEDCL empanelment covered 15,000 systems worth approximately Rs 353.89 crore
