Shakti Pumps rallies 7% after winning big with ₹654 Cr solar water pump contractShakti Pumps rallies 7% after winning big with ₹654 Cr solar water pump contract

Introduction

Leading solar pump manufacturer received a ₹654.03 crore order from Karnataka Renewable Energy Development Limited for 16,780 standalone off-grid DC solar water pumps under PM-KUSUM scheme.

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Share price movement of Shakti Pumps

On January 12, 2026, Shakti Pumps India Ltd opened at ₹720.25, up 5.08% from its previous close of ₹685.65. The stock reached a high of ₹731.50 (6.69%) and a low of ₹705.00 (−2.39%). By 10:56 AM, it traded at ₹720.50, a 5.08% increase, with a market cap of ₹8,890.82 crore.

Shakti Pumps Wins ₹654 Crore Order

Shakti Pumps (India) Limited received a Letter of Award from Karnataka Renewable Energy Development Limited for 16,780 standalone off-grid DC solar photovoltaic water pumps under PM-KUSUM scheme.

The total order value is ₹654.03 crore, inclusive of GST. The contract covers design, manufacture, supply, transport, installation, testing, and commissioning of the pumps.

The project is scheduled for completion on or before March 31, 2026. The order strengthens Shakti Pumps’ position in renewable energy and solar water pumping solutions in India.

Stock performance of Shakti Pumps for Period of 1 week, 6 months, and 1 year

Shakti Pumps India Ltd delivered a 7.04% decline over the past week, fell 26.8% in the past 6 months, and dropped 46.4% over the past 1 year.

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Shareholding pattern of Shakti Pumps

Particulars	Dec 2025	Sep 2025	Jul 05, 2025
Promoter	50.30%	50.30%	50.30%
FII	5.30%	5.60%	5.70%
DII	6.30%	6.70%	6.40%
Public	38.00%	37.40%	37.60%

About Shakti Pumps

Shakti Pumps (India) Ltd (NSE: SHAKTIPUMP) manufactures pumps and motors, providing advanced water pumping solutions for irrigation, horticulture, domestic, commercial, and industrial applications in domestic and international markets.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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