According to an exchange filing, the order is for the supply of 4,840 stand-alone off-grid DC solar photovoltaic water pumping systems (SPWPS) across the state of Madhya Pradesh under Component-B of the PM-KUSUM scheme. The total value of the order for the 4,840 pumps is approximately Rs 170.25 crore.

The company stated that the order will be executed within 120 days. It also clarified that none of its promoters or members of the promoter group have any interest in the awarding entity, and the transaction does not qualify as a related-party transaction under applicable regulatory norms.

Shakti Pumps (India) manufactures solar pumps, energy-efficient stainless-steel submersible pumps, pressure booster pumps, pump motors, and other products.

The company’s consolidated net profit declined 10.56% to Rs 90.71 crore in Q2 FY26 compared with Rs 101.42 crore in Q2 FY25. Revenue from operations rose 5% YoY to Rs 666.35 crore in Q2 Sept 2025.