Shakti Pumps (India) Limited — New Orders, 25-04-2025: Awarding of order(s)/contract(s)

Shakti Pumps (India) Limited has received a significant work order from the Haryana Renewable Energy Department for 3,511 solar water pumping systems under Component-B of the PM-KUSUM scheme. The total value of the work order is Rs 107.33 Crores, exclusive of GST, bringing the total amount inclusive of GST to Rs 122.14 Crores. The company is expected to complete the design, manufacture, supply, installation, testing, and commissioning of the systems within a period of 120 days from the date of the work order. This order presents an opportunity for growth and aligns with the company’s objectives in the renewable energy sector, potentially enhancing its market position. Investors should monitor the execution timeline and the impact on future revenue.