Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Shakti Pumps (India) Limited ( (IN:SHAKTIPUMP) ) has shared an update.
Shakti Pumps (India) Limited has secured its first Letter of Award from Karnataka Renewable Energy Development Limited to design, manufacture, supply, install, test and commission 16,780 standalone off-grid DC solar photovoltaic water pumping systems across Karnataka under Component B of the PM-KUSUM scheme. The contract, valued at about Rs 654.03 crore including GST and to be executed by 31 March 2026, significantly strengthens the company’s order book, deepens its participation in government-supported solar irrigation initiatives, and underscores its positioning as a key player in the solar pump segment benefiting from India’s renewable energy and rural electrification push.
More about Shakti Pumps (India) Limited
Shakti Pumps (India) Limited is an Indian manufacturer of water pumping systems with a growing focus on solar-based pumping solutions. The company caters to agriculture and rural water needs, increasingly aligning its product portfolio with government-backed renewable energy and irrigation schemes across India.
Average Trading Volume: 301,630
Technical Sentiment Signal: Hold
Current Market Cap: 84.61B INR
For an in-depth examination of SHAKTIPUMP stock, go to TipRanks’ Overview page.