Shakti Pumps (India) Limited — Important, 03-04-2025: General Updates

Shakti Pumps (India) Limited has announced a board meeting to discuss the receipt of a Letter of Award from the Maharashtra Energy Department Agency (MEDA) for the installation of 445 Off-grid Solar Photovoltaic Water Pumping Systems (SPWPS) under the PM-KUSUM scheme. The total value of the work order is approximately ₹12.42 Crores (including GST) and must be completed within 120 days. This development enhances Shakti Pumps' presence in the renewable energy sector, indicating a positive outlook as the company aligns itself with sustainable initiatives, which could bolster investor confidence in its growth strategy.