Shakti Pumps shares jump over 8% after ₹354 crore supply order update from Maharashtra

Shakti Pumps share price surged more than 8% to its intraday high during the trading session on Monday, July 6, after the company secured a key pumping system supply order from the Maharashtra State Electricity Distribution Company, according to an exchange filing.

Shares of Shakti Pumps surged 8.3% to the intraday high of ₹621.90 apiece during Monday’s trading session, compared to ₹574.10 at the previous stock market close last week, according to NSE data.

At 12:13 pm, the company shares were trading 4% higher at ₹597.50 during the trading session on July 6.

Pumping system supply order details

NSE filings showed that the Maharashtra State Electricity Distribution Company has awarded Shakti Pumps a contract to design, manufacture, supply, transport, install, test, and finally commission an off-grid solar Photovoltaic Water Pumping System.

The order value or the total work contract amount for the project is ₹353.89 crore, which includes a goods and services tax (GST) of ₹28.93 crore, as per the exchange filing.

Shakti Pumps is estimated to complete the 15,000 off-grid solar photovoltaic water pumping system domestic order within 60 days from the date of the issuance of the contract.

The details further showed that the water pumping system order is under Maharashtra’s Magel Tyala Saur Krushi Pump Yojana, where pumps of 3 horsepower, 5 horsepower and 7.5 horsepower will be provided by the company.

A Photovoltaic Water Pumping System is used for multiple use cases, including agricultural irrigation, watering livestock, water supply for communities, forest conservation, among other things.

How have Shakti Pumps' stock performed?

Shakti Pumps shares have delivered more than 361% returns on their investment in the last five years, and over 508% gains to investors in the last three years, according to the NSE data.

However, the company’s stock has lost 36% in the last one year, and the shares have dropped 19% on a year-to-date basis, as per the exchange data.

Shakti Pumps share price has risen 10.54% in the last one-month period, and was trading 1.2% higher over the last one-week period. The company’s 52-week high was at ₹979 on July 1, 2025, while the 52-week low was at ₹456.35 on March 30, 2026.

The company’s market capitalisation (m-cap) was at ₹7,335 crore as of the trading session on Monday, July 6, 2026.