Shakti Pumps shares jump 7% on bagging solar PV order worth ₹654 crore in Karnataka

The stock was trading 4.86% higher at ₹718.45 per equity share at around 2:05 pm.

The scrip declined over 2% in the past week but gained nearly 11% over the month. On a year-to-date basis, it has fallen by about 2.5%.

While the share reached a 52-week low of ₹548.45 per unit on December 10, 2025, it touched a year’s high of ₹1,387 on January 9, 2025.

The Indore-based water pump maker received the letter of award for the installation of 16,780 Solar Photovoltaic Water Pumping Systems (SPWPS), it said in a regulatory filing.

The order, which is expected to be completed on or before March 31, 2026, was awarded for ₹600.58 crore, and including GST, it aggregates up to ₹654.03 crore.

It added that the order was awarded under the Karnataka Government’s solar agriculture initiative, aimed at promoting renewable energy adoption and enhancing irrigation infrastructure across the state.

The firm stated that this maiden order win in Karnataka marks its entry in the Southern region of the country, “further expanding its reach and opening up new markets.”

It also said that the order wins in the last one month in various states, including Madhya Pradesh, Jharkhand, Haryana, Maharashtra, Karnataka, etc., cumulatively amounting to ₹1,900 crores (inclusive of GST), “reinforce the company’s leading position in solar pump programs and highlights Shakti Pumps’ continued focus on delivering high‐quality, reliable, and energy‐efficient solar pumping solutions.”

Commenting on the order win, Dinesh Patidar, Chairman of Shakti Pumps (India) Limited, said: “The order received from the Karnataka Renewable Energy Development Limited marks another important milestone for Shakti Pumps and reflects the continued trust placed in our capabilities by state agencies.”

He added that the cumulative orders recently received by the company across various states reaffirm the growing adoption of solar pumping solutions across India, as well as its ability to effectively address the growing demand.

“As we move forward, we remain focused on timely execution, technological innovation, and contributing to India’s renewable energy and sustainable agriculture goals,” Patidar stated.

Shakti Pumps (India) has a total market capitalisation of ₹8,898.23 crore, as of January 12, 2026, according to data on the NSE.