Shakti Pumps Secures ₹654.03 Crore Solar Water Pump Order from KREDL

Shakti Pumps (India) Limited has received a major boost to its order book after securing a large domestic contract from Karnataka Renewable Energy Development Limited (KREDL). The company bagged the order on January 11, 2026, and officially informed the stock exchanges on January 13, 2026, in line with SEBI disclosure norms.

Order Details and Scope of Work

The contract involves the design, manufacture, supply, transportation, installation, testing, and commissioning of stand-alone off-grid DC solar photovoltaic water pumping systems. These solar-powered pumps will play a key role in promoting sustainable irrigation and renewable energy usage across Karnataka.

Order Value and Execution Timeline

• Total contract value (including GST): ₹654.03 crore

• Order value (excluding GST): ₹600.58 crore

• Execution deadline: On or before March 31, 2026

This sizable order underlines Shakti Pumps’ strong execution capabilities and its leadership position in the solar water pumping segment.

Regulatory and Business Highlights

• The order has been received in the ordinary course of business

• It is a domestic order awarded by a government renewable energy agency

• The counterparty is not a related party

• There is no promoter or promoter group interest in the awarding entity

• The transaction does not qualify as a related-party transaction