Shakti Pumps (India) Limited (SPIL) [BSE: 531431, NSE: SHAKTIPUMP], one of India’s leading manufacturers of energy-efficient pumps and motors, has achieved a significant milestone in the renewable energy and agricultural sector. The company announced that it has received a Letter of Empanelment from the Maharashtra State Electricity Distribution Company Limited (MSEDCL) on August 12, 2025, for the supply and installation of 34,720 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) under the Magel Tyala Saur Krushi Pump Yojana / PM KUSUM B scheme.
On August 27, 2025, the MSEDCL portal was opened for Shakti Pumps to facilitate farmer registrations. The company was allotted 10,000 Off-Grid Solar Pumps to be offered to farmers across Maharashtra. In an extraordinary demonstration of demand and trust, all 10,000 solar pump units were selected by farmers within just 1.5 hours of the portal going live. The total value of this order is approximately Rs 268.88 crore (inclusive of GST). This event reinforces Shakti Pumps’ leadership in providing sustainable, high-quality water pumping solutions at scale.
Chairman of Shakti Pumps, Dinesh Patidar, expressed his delight over this development. He stated that the rapid selection of units by farmers demonstrates the trust in Shakti Pumps’ technology, service quality, and long-standing presence in Maharashtra. He further added that the company is confident of executing and delivering the order well within the stipulated timelines given its proven capabilities.
Shakti Pumps (India) Limited has a long history of innovation and leadership in the pump manufacturing industry. Established in 1982 as a partnership firm and later converted into a public limited company in 1995, SPIL manufactures solar pumps, energy-efficient stainless-steel submersible pumps, pressure booster pumps, pump-motors, and a wide range of related products. The company is unique in India as it manufactures a complete suite of products required for solar pump installations in-house, including Variable Frequency Drives (VFDs), structures, motors, and inverters.
Its two state-of-the-art manufacturing facilities in Pithampur, Madhya Pradesh, have a combined annual production capacity of 500,000 pumps and motors. Shakti Pumps has been a pioneer in bringing stainless-steel-based submersible pumps to Indian agriculture, ensuring quality and durability. The company also holds the distinction of being India’s first 5-star rated pump manufacturer and currently exports its products to more than 100 countries.
Over the years, Shakti Pumps has played a pivotal role in transforming the agriculture sector through solar pump technology. Its focus on innovation, sustainability, and environmental responsibility continues to set industry benchmarks. With this new milestone in Maharashtra, the company further strengthens its position as a trusted partner in India’s journey towards clean energy and agricultural self-reliance.
Meanwhile, Shakti Pumps’ share price was trading at Rs 812 on Thursday, August 28, 2025, reflecting positive investor sentiment after this order announcement.
Disclaimer: This article is based on publicly available information and company announcements. It is intended for informational purposes only and should not be considered as investment advice or a recommendation to buy, sell, or hold any shares. Readers are advised to do their own research or consult a financial advisor before making investment decisions.
