Shares of Shakti Pumps climbed 1.5% to ₹450 on the NSE, a modest uptick after a 39.5% year‑to‑date slide.
The company received a Letter of Empanelment worth ₹112.18 crore, including GST, to deliver 4,755 solar photovoltaic water pumps under Maharashtra’s Magel Tyala Saur Krushi Pump Yojana.
The order, covering 3 HP, 5 HP, and 7.5 HP units, must be completed within 60 days from the work order issuance, according to the exchange filing.
This deal follows a larger ₹235.92‑crore contract last month for 10,000 pumps, indicating a steady pipeline in the state‑driven solar irrigation sector.
Analysts note that while the order boosts short‑term revenue, the company’s stock remains pressured by a 5.4% decline in the last month, reflecting broader market caution over renewable‑energy margins.
Going forward, Shakti Pumps is expected to update guidance on its 2026 Q1 earnings, with the board likely reviewing the impact of these state contracts on its net profit margin.