Shakti Pumps’ Growth Analyzed: Major Order Wins Signal Strong Future
Shakti Pumps (India) saw its stock price jump 2.09% to Rs 648.55 after the company announced two big deals. They won orders totaling Rs 95.23 crore from two government organizations – Madhya Pradesh Urja Vikas Nigam and Jharkhand Renewable Energy Development Agency (JREDA). These orders are for solar-powered water pumps, a growing market with government support.
- Two major orders secured: Rs 95.23 crore total.
- Orders from Madhya Pradesh & Jharkhand governments.
- Focus on solar water pumps under PM-KUSUM scheme.
- Projects within 120 days for both contracts.
- No related-party connections, confirming regulatory compliance.
- Company produces diverse solar pumping solutions.
The first order, worth Rs 71.25 crore, is for 2,033 solar water pumping systems. These systems will be used across Madhya Pradesh as part of a government program called PM-KUSUM. This program helps farmers and communities use solar power to pump water.
The company is building these systems over 120 days. Shakti Pumps is making solar pumps, which are very efficient and use stainless steel. This means they are durable and won’t rust easily, making them a good investment.
The second order, worth Rs 23.98 crore, is for 1,200 solar water pumping systems in Jharkhand. Like the first order, it’s also part of the PM-KUSUM scheme. The company’s growth is fueled by increasing demand for renewable energy solutions.
While the company has seen a decrease in net profit (down 10.56% to Rs 90.71 crore in Q2 FY26), their overall revenue increased by 5% to Rs 666.35 crore during the same period. This suggests continued sales growth despite the profit decline.
Shakti Pumps’ success demonstrates the growing importance of renewable energy and government support for sustainable water solutions.
