Shakti Pumps Secures ₹170 Cr Order, Stock Jumps; 970% Return in 3 Years

• Shakti Pumps (India) Limited secured a ₹170.25 crore order from Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) for 4,840 off-grid DC solar photovoltaic water pumping systems.
• The order, announced on December 31, is under Component-B of the Pradhan Mantri Kusum Yojana (PM-KUSUM) and must be completed within 120 days.
• This is the company's third major order in December, following two large orders worth ₹356.77 crore and ₹444 crore from Maharashtra under the PM-KUSUM scheme.
• Earlier in December, Shakti Pumps also received orders worth ₹24 crore from Jharkhand Renewable Energy Development Agency and ₹71.25 crore from MP Urja Vikas Nigam.
• The company, known for a 970% return in 3 years, saw its shares rise 4% to ₹728.4 after the announcement, strengthening its position in solar irrigation projects.

Why It Matters: Shakti Pumps strengthens market position with a new ₹170 Cr order under PM-KUSUM, boosting investor confidence.