Shakti Pumps Secures ₹654 Crore Solar Pumping Order in Karnataka

Shakti Pumps (India) Limited has announced a landmark achievement, securing a major order under the PM-KUSUM scheme. The project highlights India’s commitment to renewable energy adoption and Shakti’s role in delivering sustainable water solutions across Karnataka.

Key Highlights:

• Awarding Authority: Karnataka Renewable Energy Development Limited (KREDL).
• Scope of Work: Design, manufacture, supply, transport, installation, testing, and commissioning of 16,780 off-grid DC solar photovoltaic water pumping systems.
• Contract Value: ₹600.58 crore (excluding GST); ₹654.03 crore (inclusive of GST).
• Completion Timeline: On or before March 31, 2026.
• Strategic Impact: Strengthens Shakti Pumps’ position in India’s solar pumping ecosystem and supports farmers with clean, reliable irrigation solutions.
• Regulatory Compliance: Announcement made under Regulation 30 of SEBI (LODR) Regulations, 2015.

Conclusion
This order not only boosts Shakti Pumps’ growth trajectory but also aligns with India’s broader renewable energy mission, ensuring sustainable irrigation solutions for Karnataka’s agricultural sector.

Sources: Shakti Pumps (India) Limited