When a stock that has been under pressure for weeks suddenly snaps back with strong momentum, the shift often reflects more than sentiment—it reflects a turning point. That’s exactly what played out in Shakti Pumps' share on December 11, as the stock reacted sharply to a major order win from Maharashtra.
This development not only moved the Shakti Pumps share price but also brought fresh focus on the company’s role in India’s fast-growing solar pump ecosystem.
Market Performance: Shakti Pumps Share Price Rebounds Strongly
The session opened with clear signs of strength.
After an extended eight-session losing streak, Shakti Pumps' share price jumped more than 13%, touching ₹624.75 on Thursday.
Just a day earlier, the stock had slipped to a 52-week low of ₹548.45, making Thursday’s recovery even more significant.
Here’s the recent performance snapshot:
- Past 5 days: nearly 2% gain
- Past 1 month: about 17% decline
- Past 6 months: around 36% drop
- 2025 YTD: down over 44%
- Market cap: ₹7,690+ crore
- P/E ratio: above 16
The sudden reversal clearly lined up with the company’s latest announcement.
Main News: Shakti Pumps Bags ₹443.78-Crore Maharashtra Order
The big trigger came in the form of a large state-level order.
Shakti Pumps announced that it received a letter of empanelment from the Maharashtra State Electricity Distribution Company (MSEDCL). The empanelment covers:
- 16,025 off-grid DC Solar Photovoltaic Water Pumping Systems (SPWPS)
- For the entire state of Maharashtra
- Under the Magel Tyala Saur Krushi Pump Yojana / PM Kusum B Scheme
The total order value stands at ₹443.78 crore, including GST.
According to the details, the entire order must be completed within 60 days, making it a high-volume, fast-turnaround assignment.
Company Details: Scope of the Maharashtra Solar Pump Project
The project places a wide operational responsibility on Shakti Pumps.
As part of the ₹443.78-crore order, the company will:
- Design the solar pumping systems
- Manufacture the off-grid DC pump units
- Supply and transport the equipment
- Install and test each system
- Commission the 16,025 solar pumps across Maharashtra
This aligns with the company’s core capabilities in solar water pumping solutions, an area where Shakti Pumps has built a strong presence over the years.
Summary of the Article
The sharp rally in Shakti Pumps' share on December 11 was directly linked to the company’s major empanelment from MSEDCL. The order, valued at ₹443.78 crore, covers 16,025 solar pumping systems across Maharashtra and will be executed within 60 days.
The development triggered a swift recovery in Shakti Pumps' share price, which climbed more than 13% after hitting a 52-week low just a day before. With steady participation in state-led solar initiatives and continued traction in government-backed schemes, the company remains active in India’s growing renewable pumping segment.
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