Archive · 12 Jan 2026
Shakti Pumps Wins Rs 654 Crore Karnataka Contract
Shakti Pumps India has won a big contract worth Rs 654 crore to build water pumps in Karnataka.
These pumps will use solar power and are part of a government scheme called PM-KUSUM.
The company will make 16,780 pumps and has until 2026 to finish the job.
They also invested Rs 3 crore in a new factory to make solar panels.
After this news, the company's stock price went up by 5%.
Shakti Pumps India secured a Rs 654.03 crore contract for solar water pumping systems in Karnataka.
The contract involves 16,780 pumps and is part of the PM-KUSUM scheme.
The contract duration is until March 31, 2026.
Shakti Pumps invested Rs 3 crore in a subsidiary for a new solar panel manufacturing plant.
The company's share price increased by 5% following the announcement.
- Who
- Shakti Pumps India
- What
- Bagged a Rs 654 crore contract for water pumping systems in Karnataka
- When
- Contract duration until March 31, 2026
- Where
- Karnataka, India
- Why
- To develop stand-alone off-grid DC solar photovoltaic water pumping systems under the PM-KUSUM scheme
- Contract Value
- Rs 654.03 crore (including GST)
- Number of Pumps
- 16,780
- Contract Duration
- Until March 31, 2026
- Investment in Subsidiary
- Rs 3 crore
- Subsidiary Turnover (FY25)
- Rs 216.53 crore
- Share Price Change
- 5% increase post-announcement
- 1-Month Return
- Over 10%
- 1-Year Return
- Over 41% decline