Latest news with #SPWPS
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Business Standard
20 hours ago
- Business
- Business Standard
Shakti Pumps shares jump 7% in trade; here's why the stock is in demand
Shakti Pumps India shares jumped 7.3 per cent on Wednesday, August 13, 2025, logging an intra-day high at ₹897 per share on BSE. At 11:55 AM, Shakti Pumps India share price was trading 2.79 per cent higher at ₹858.9 per share. In comparison, the Sensex was 0.23 per cent higher at 80,417.37. Why were Shakti Pumps India buzzing in trade? The buying on the counters came after the company received a letter of empanelment from Maharashtra State Electricity Distribution Company Limited for 34,720 Off‐Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS), which is to be executed within one year for the entire state of Maharashtra under Magel Tyala Saur Krushi Pump Yojana / PM KUSUM B. The letter of empanelment is valid for a year, and the installation has to be completed within 60 days. The total amount of the work order is ₹1,037 crore. "This significant development will greatly enhance our robust order book position. As one of the leaders in the solar pumps market, we hold a strong market share across key states, and this large order further solidifies our position. We are witnessing steady inflows and actively participating in tenders across states like Maharashtra, Madhya Pradesh, Rajasthan, Haryana, Punjab, Uttar Pradesh, Jharkhand, etc," said Dinesh Patidar, chairman, Shakti Pumps. About Shakti Pumps (India) Limited The company was founded in 1982 as a partnership firm and was later converted to a public limited company in 1995. It manufactures solar pumps, energy-efficient stainless-steel submersible pumps, pressure booster pumps, pump-motors, and other products. It is the only company that manufactures a wide range of products for solar pump installation in-house, including Variable Frequency Drives, Structures, Motors, Inverto and so on. The company has been at the forefront of transforming the agriculture sector through solar pump technology. All Shakti submersible pumps are based on Stainless Steel (SS), which is a testimony to the latest technology and quality in manufacturing.
Business Standard
13-06-2025
- Business
- Business Standard
Crompton wins solar water pump project worth Rs 101 cr
Crompton Greaves Consumer Electricals has achieved a landmark milestone in its green energy journey by securing its largest-ever order in the solar water pump segment. The company has received a Letter of Award (LoA) from the Maharashtra Energy Development Agency (MEDA) valued at over Rs 101 crore (exclusive of GST) for the design, manufacture, supply, transportation, installation, testing, and commissioning of 4,500 Off-grid Solar Photovoltaic Water Pumping Systems (SPWPS) across Maharashtra under Component-B of the PM-KUSUM scheme.
Business Standard
12-06-2025
- Business
- Business Standard
Shakti Pumps wins work order of Rs 114 cr from MEDA
Shakti Pumps (India) has received Letter of Award from Maharashtra Energy Department Agency (MEDA) for 4500 Off-grid Solar Photovoltaic Water Pumping System (SPWPS) at various locations across the State of Maharashtra under MNRE Component-B of PM-KUSUM scheme. The total amount of the work order is for around Rs. 114.58 crore (inclusive of GST).
Business Upturn
12-06-2025
- Business
- Business Upturn
Shakti Pumps secures Rs 114.58 crore solar water pumping contract from Maharashtra's MEDA under PM-KUSUM scheme
By Aditya Bhagchandani Published on June 12, 2025, 10:09 IST Shakti Pumps (India) Ltd has received a significant order from the Maharashtra Energy Development Agency (MEDA) for the supply and installation of 4,500 off-grid Solar Photovoltaic Water Pumping Systems (SPWPS). The contract is valued at approximately Rs 114.58 crore, inclusive of GST, and falls under Component-B of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme. The scope of the order includes design, manufacturing, supply, transportation, installation, testing, and commissioning of the solar water pumps across various locations in Maharashtra. According to the official disclosure made under SEBI Regulation 30, the work is scheduled to be completed within 90 days from the issuance of the work order. The company has clarified that the order is domestic in nature, and neither the promoter group nor any related party has any interest in MEDA. This order is not categorized as a related party transaction. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
