Shakti Pumps Soars 4% on ₹170 Cr MP Solar Order; Boosts PM-KUSUM Portfolio

• Shakti Pumps secured a ₹170.25 crore order from Madhya Pradesh Urja Vikas Nigam for 4,840 off-grid DC solar water pumping systems.
• The order, under Component-B of the PM-KUSUM scheme, includes design, supply, installation, and commissioning, to be executed within 120 days.
• This marks Shakti Pumps' third PM-KUSUM order this month, adding to previous contracts worth ₹356.77 crore and ₹444 crore in Maharashtra.
• The company also received orders worth ₹24 crore from Jharkhand Renewable Energy Development Agency and ₹71.25 crore from Madhya Pradesh Urja Vikas Nigam Ltd earlier in December.
• Following the announcement, Shakti Pumps shares gained 4% to ₹728.4, strengthening its position in government-led solar and irrigation projects.

Why It Matters: Shakti Pumps strengthens its solar irrigation portfolio with a new ₹170 Cr MP order, boosting shares.