Solar pump stock jumps after receiving order for 877 solar photovoltaic water pumping systemSolar pump stock jumps after receiving order for 877 solar photovoltaic water pumping system

Introduction:

Solar pump stock has secured a ₹23.91 crore contract to install 877 solar water pumping systems in Maharashtra under the PM-KUSUM scheme. This project enhances its presence in renewable energy, supporting sustainable irrigation and rural electrification while strengthening its clean energy portfolio.

Share Price movement of Shakti Pumps (India):

On March 3, 2025, Shakti Pumps (India) Ltd opened at ₹818.25, reaching a high of ₹834.85, up 3.23% from its previous close of ₹808.00 and a low of ₹767.60. Stock closed at ₹784.00, with a market cap of ₹9,424.51 crore.

Shakti Pumps (India) share price rise:

Shakti Pumps (India) Limited has secured a Letter of Award from the Maharashtra Energy Department Agency (MEDA) for installing 877 Solar Photovoltaic Water Pumping Systems across Maharashtra. The project, under Component-B of the PM-KUSUM scheme, is valued at ₹23.91 crore, inclusive of GST.  

The contract involves designing, manufacturing, supplying, transporting, installing, testing, and commissioning the solar water pumps. The execution period is set at 120 days from the work order issuance. This initiative aligns with India’s push for renewable energy and sustainable agricultural solutions.  

The project is awarded by a domestic entity and does not involve related party transactions. Shakti Pumps continues strengthening its presence in the solar energy sector, contributing to rural electrification and sustainable irrigation solutions while expanding its footprint in clean energy initiatives.

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Ace investor holding of Shakti Pumps (India):

Ramesh Chimanlal Shah holds a 2.52% stake in Shakti Pumps (India) Ltd., with 30,30,229 shares valued at ₹237.6 crore. His holdings saw a minor reduction of 0.16% in the last quarter, reflecting strategic portfolio adjustments while maintaining a strong presence in the renewable energy sector.  

Snehal Bhupendra Shah holds a 1.86% stake in Shakti Pumps (India) Ltd., owning 22,34,832 shares valued at ₹175.2 crore. His holding remained unchanged in the last quarter, signaling long-term confidence in the company’s growth, especially in the solar and sustainable energy segment.

Stock performance of Shakti Pumps (India)  for Period of 1 week, 6 months and 1 year:

Shakti Pumps (India) saw a 9.12% decline over the past week, reflecting short-term volatility. Over the last six months, the stock gained 8.76%, indicating steady growth. In the one-year period, it surged by 263%, showcasing strong long-term performance and significant investor confidence.

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Shareholding pattern of Shakti Pumps (India):

All values in %	Dec-24	Sep-24	Jun-24
Promoters	51.58	51.58	51.58
FII	3.16	3.36	2.32
DII	5.27	6.79	6.85
Retail & others	39.99	38.27	39.25

About Shakti Pumps (India) :

Shakti Pumps (India) Ltd specializes in manufacturing energy-efficient stainless steel pumps and solar-powered water pumping solutions. The company plays a key role in renewable energy and agricultural irrigation, expanding its market presence with innovative, sustainable technology for domestic and international applications.

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.