Shakti Pumps shares surge 7%; here is why the stock is rallying

The company on Saturday announced that following the receipt of a Letter of Empanelment on August 12, 2025, for the supply and installation of 34,720 OffGrid DC Solar Photovoltaic Water Pumping Systems (SPWPS) under the Magel Tyala Saur Krushi Pump Yojana / PM KUSUM B, Shakti Pumps has witnessed an overwhelming response from farmers across Maharashtra.

In its press release, Shakti Pumps said that on August 27, 2025, MSEDCL opened its portal for the first tranche of 10,000 SPWPS, which were fully booked by farmers within just 1.5 hours, reflecting strong trust in Shakti Pumps’ technology and service excellence.

MSEDCL stands for Maharashtra State Electricity Distribution Company Limited.

The total value of this tranche was approximately ₹268.88 crore (inclusive of GST). Building on this momentum, MSEDCL opened the portal for a second tranche of 12,451 SPWPS, which were again fully selected by farmers. This tranche is valued at approximately ₹347.41 crore (inclusive of GST).

With 22,451 SPWPS already booked across two tranches, valuing the total order at ₹616.30 crore (inclusive of GST), Shakti Pumps is well on its way to fulfilling the empanelled commitment of 34,720 SPWPS under the scheme.

Commenting on the development, Dinesh Patidar, Chairman of Shakti Pumps (India) Limited, said, “Our deep-rooted presence in Maharashtra, coupled with our proven execution capabilities, positions us strongly to deliver on this order within the stipulated timeline. We remain committed to empowering farmers with sustainable and energy-efficient water solutions that enhance agricultural productivity.”

About Shakti Pumps (India) Limited

Shakti Pumps (SPIL), founded in 1982 as a partnership firm and later converted to a public limited company in 1995, manufactures solar pumps, energy-efficient stainless-steel submersible pumps, pressure booster pumps, pump motors, and other products.

SPIL, the company says, is the only company that manufactures a wide range of products for solar pump installation in-house, including variable frequency drives, structures, motors, inverters, and so on. Pithampur, Madhya Pradesh, is home to two manufacturing facilities with a combined capacity of 500,000 pumps and motors per year (India).

Shakti Pumps (India), according to news reports, posted a growth of 4.5% in its net profit to ₹96.8 crore for the quarter ended June 30 (Q1 FY26), from ₹92.6 crore a year earlier.

Revenue from operations climbed 9.7% year-on-year to ₹632 crore, while EBITDA increased 5.7% to ₹144 crore.

Operating margin stood at 23.1%, down from 23.9% in the same quarter last year.