Indore, December 30, 2025: Shakti Pumps (India) Limited (BSE: 531431 | NSE: SHAKTIPUMP) on Tuesday announced the receipt of a fresh work order worth approximately Rs 21 crore, inclusive of GST, for the supply of solar-powered water pumping systems in Jharkhand. This marks the company’s third order from the state, strengthening its position in government-led renewable energy and rural irrigation projects.
Order Details and Scope
The work order has been awarded by the Jharkhand Renewable Energy Development Agency for the deployment of 1,000 standalone off-grid Solar Photovoltaic Water Pumping Systems across multiple locations in Jharkhand. The project is being executed under Component-B of the PM-KUSUM programme, aimed at promoting clean energy solutions in agriculture and water management.Under the contract, Shakti Pumps will be responsible for the end-to-end execution of the project, including design, manufacturing, supply, transportation, installation, testing, and commissioning of the solar pumping systems.
Commercial Value and Execution Timeline
The base value of the work order stands at Rs 19.29 crore, with the total contract value aggregating to around Rs 21.00 crore after including applicable taxes. The company is required to complete the execution within 120 days from the issuance of the Notice to Proceed, indicating a time-bound rollout aligned with state renewable energy targets.Transaction Characteristics
The order has been awarded by a domestic government agency and does not involve any related party transaction. The promoter or promoter group of Shakti Pumps does not hold any interest in the awarding entity, ensuring that the contract has been secured on an arm’s-length basis.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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