NSEBagging/Receiving of orders/contracts4 Jul 2026 · 4 Jul 2026, 02:53 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 15,000 Off-Grid Solar Photovoltaic Water Pumping Systems (SPWPS) pumps under Magel Tyala Saur Krushi Pump Yojana, with a total value of around Rs. 353.89 Crores (inclusive of GST).
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Growth Catalyst9/10
Governance Concern1/10
Regulatory Risk1/10
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Liquidity Impact9/10
Market Sentiment8/10
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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 15,000 Off-Grid Solar Photovoltaic Water Pumping Systems (SPWPS) pumps under Magel Tyala Saur Krushi Pump Yojana. The total value of the 15,000 pumps is around Rs. 353.89 Crores (inclusive of GST).
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SHAKTIPUMP_04072026145311_LetterofAwardfromMSEDCL.pdf
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Date: 04/07/2026
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,
PShuarskutai ntP utom Rpesg u(lIantdioina )3 0L iomf iSteEdB I h(Laiss tirnegc eOibvleidga taio nLse tatnedr Doisf clEomsuprae nReelqmueirnetm fernotms)
RMeaghualartaisohntsr, a2 0S1ta5t ere Eadle wctirtihc iStcyh Dedisutlrei bIIuI ttihoenr eCoof,m wpea wnyo uLlidm liikteed t of oinr fo1r5m,0 y0o0u O thffa-tG trhide
Solar Photovoltaic Water Pumping Systems (SPWPS) pumps of 3 HP, 5 HP, 7.5 HP
Magel Tyala Saur Krushi Pump Yojana
15,000 Rs. 353.89 Crores (inclusive of GST)
for the entire state of Maharashtra under . The
total value of the pumps is around which
is to be executed within 60 days from the issuance of work order/NTP.
Annexure – I.
Details as per SEBI Circular no SEBI/HO/CFD/CFD‐PoD‐1/P/CIR/2023/123 dated July
13, 2023 is enclosed as
Kindly take the same on record and acknowledge the receipt of the same.
Thanking You,
YFoour rSsh faakitthif Pululym, ps (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. 324.96 Crores and with GST the
amount is Rs. 353.89 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”