Indore, January 12, 2026: Shakti Pumps (India) Limited (BSE: 531431 | NSE: SHAKTIPUMP) has received its first Letter of Award from Karnataka Renewable Energy Development Limited for the supply of 16,780 standalone off-grid DC solar photovoltaic water pumping systems across the state of Karnataka.
The order, awarded under Component-B of the PM-KUSUM programme, carries a total value of approximately ₹654.03 crore, inclusive of GST. The scope of work encompasses design, manufacturing, supply, transportation, installation, testing, and commissioning of the solar pumping systems for statewide deployment.
Order Scope and Execution Timeline
The contract mandates end-to-end execution, from manufacturing through commissioning, with completion scheduled on or before March 31, 2026. The project is intended to expand access to reliable, off-grid solar-powered irrigation solutions across Karnataka, supporting energy-efficient agriculture and rural water management.Commercial Details
- Order size (excluding GST): ₹600.58 crore
- Order size (including GST): ₹654.03 crore
- Quantity: 16,780 solar pumping systems
- Nature of order: Domestic
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