NSEBagging/Receiving of orders/contracts9 Sept 2026 · 9 Sept 2026, 05:25 pm
Bagging/Receiving of orders/contracts
Shakti Pumps (India) Limited · SHAKTIPUMP
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Shakti Pumps (India) Limited has received a Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited for 10,000 Off-Grid Solar Photovoltaic Water Pumping Systems (SPWPS) pumps worth Rs. 235.92 Crores.
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Growth Catalyst9/10
Governance Concern1/10
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Liquidity Impact9/10
Market Sentiment9/10
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Full Announcement
Shakti Pumps (India) Limited has informed the Exchange that Company has received a Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited for 10,000 Off-Grid Solar Photovoltaic Water Pumping Systems (SPWPS) pumps. The total value of the 10,000 pumps is around Rs. 235.92 Crores (inclusive of GST).
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SHAKTIPUMP_09092026172455_LetterofAwardfromMSEDCL.pdf
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Date: 09/09/2026
To, To,
The Secretary, The Secretary,
Listing Department Corporate Relationship Department
National Stock Exchange of India Ltd. BSE Limited
Exchange plaza, BKC, Bandra P. J. Towers, Dalal Street
Mumbai – MH 400051. Mumbai- MH 400001.
REF: -(ISIN- INE908D01010) SCRIP CODE BSE-531431, NSE Symbol -SHAKTIPUMP
Subject:- Announcement under Regulation 30 of SEBI (Listing Obligations and
Disclosure Requirements) Regulation, 2015.
Dear Sir/Madam,
Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 read with Schedule III thereof, we would like to inform you that the
Shakti Pumps (India) Limited has received a Letter of Empanelment from
Maharashtra State Electricity Distribution Company Limited for 10,000 Off-Grid
Solar Photovoltaic Water Pumping Systems (SPWPS) pumps of 3 HP, 5 HP, 7.5 HP
for the entire state of Maharashtra under Magel Tyala Saur Krushi Pump Yojana. The
total value of the 10,000 pumps is around Rs. 235.92 Crores (inclusive of GST) which
is to be executed within 60 days from the issuance of work order/NTP.
Details as per SEBI Circular no SEBI/HO/CFD/CFD‐PoD‐1/P/CIR/2023/123 dated July
13, 2023 is enclosed as Annexure – I.
Kindly take the same on record and acknowledge the receipt of the same.
Thanking You,
Yours faithfully,
For Shakti Pumps (India) Limited
Ravi Patidar
Company Secretary
Annexure – I
S. No. Particulars Details
1. Name of the entity awarding the Maharashtra State Electricity Distribution
order(s)/contract(s) Company Limited
2. Whether order(s) / contract(s) have
Domestic
been awarded by domestic/
international entity
3. Significant terms and conditions of Design, Manufacture, Supply, Transport,
order(s)/contract(s) awarded, in Installation, Testing and Commissioning
brief of Off‐Grid Solar Photovoltaic Water
Pumping Systems.
4. Time period if any, associated with Within 60 days from the date of issuance
the order(s)/contract(s) of Work Order/Notice to Proceed (NTP).
5. Broad commercial consideration or The total amount of the work order is
size of the order(s)/contract(s) Rs. 216.64 Crores and with GST the
amount is Rs. 235.92 Crores.
6. Whether the promoter/ promoter No
group / group companies have any
interest in the entity that awarded the
order(s)/contract(s)? If yes, nature of
interest and details thereof;
6. Whether the order(s)/contract(s) No
would fall within related party
transactions? If yes, whether the
same is done at “arm’s length”