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Shakti Pumps surged over 12% after winning a ₹444 crore order from Maharashtra State Electricity Distribution Company (MSEDCL).
The deal covers the supply and installation of 16,025 off-grid solar water pumping systems across the state under the Magel Tyala Saur Krushi Pump Yojana.
The deets: the company will be responsible for end-to-end execution of DC solar pumping systems. These solar pumps will help farmers access reliable water supply without depending on grid power or diesel, a key priority for Maharashtra’s rural irrigation push.
Instead of relying on erratic electricity or expensive diesel, these pumps use solar panels to draw groundwater, giving farmers a steady and low-cost source of irrigation.
Why it matters: for the state, it accelerates the rollout of clean-energy irrigation systems while cutting dependence on subsidised electricity. It also reduces the burden of supplying subsidised electricity to agriculture, one of the biggest expenses for power utilities.
Solar pump adoption is rising under the PM-KUSUM programme, which aims to deploy 35 lakh solar pumps nationwide.
