Shakti Pumps secures ₹443.78 Cr MSEDCL solar pump order; stock jumps 12%

• * Shakti Pumps (India) Ltd secured a major order worth ₹443.78 crore (including GST) from MSEDCL.
• * The order involves supplying and installing 16,025 off-grid DC solar water pumping systems (SPWPS).
• * This project is part of the Magel Tyala Saur Krushi Pump Yojana/PM-KUSUM B Scheme, focusing on solar irrigation for farmers.
• * Following the order announcement, Shakti Pumps' stock surged by 12%.
• * The project aims to promote clean energy in rural and agricultural sectors, with completion expected within 60 days of the work order.

Why It Matters: This order boosts Shakti Pumps' growth and advances solar farming.