Shakti Pumps Share Price Rises 4% on ₹115 Crore Order from Maharashtra Energy Department

Market Performance

The Shakti Pumps share price surged sharply on Thursday, increasing by nearly 4.6% after a major order announcement.

The stock opened at ₹973.70 on the BSE, significantly higher than its previous close of ₹965.45.

Despite broader market weakness—Sensex dropped over 1%—Shakti Pumps share price defied the trend, hitting an intraday high of ₹1010.

Main News: ₹114.58 Crore Solar Pump Order Boosts Sentiment

Shakti Pumps (India) Ltd informed the exchanges on 12 June 2025 about a significant development:

It has received a Letter of Award from the Maharashtra Energy Department Agency (MEDA) for the supply of solar pumping systems.

Order Snapshot:

• Order Value: ₹114.58 Crore (inclusive of GST)
• Order Type: Supply of 4500 Off-grid Solar Photovoltaic Water Pumping Systems (SPWPS)
• Project Duration: 90 days from issuance of the work order
• Deployment Area: Various locations across Maharashtra
• Scheme: Part of MNRE Component-B under the PM-KUSUM initiative

Company Details: Shakti Pumps (India) Limited

Off-grid SPWPS systems are expected to support the rural economy by providing sustainable irrigation solutions powered by solar energy.

Summary of the Article

• Shakti Pumps share price climbed 4.6% intraday on BSE
• The stock touched a high of ₹1010 after the order news
• The company secured ₹114.58 Crore order from MEDA for 4500 solar pumps
• Project to be executed under PM-KUSUM Scheme within 90 days
• The broader market was down, but the stock showed resilience