The order was awarded by the Karnataka Renewable Energy Development (KREDL) under component-B of the PM-KUSUM scheme.

The scope of work includes the design, manufacture, supply, transport, installation, testing and commissioning of the stand-alone off-grid DC SPWS. The contract is valued at Rs 654.03 crore and is expected to be executed on or before 31st March 2026.

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.