Shakti Pumps Wins Another ₹23.5 Cr Order from HAREDA; Check Its Monthly Order Book

SYNOPSIS: Shakti Pumps has secured a Rs. 23.54 crore PM-KUSUM solar pump order from HAREDA, taking its total order wins over the past month to nearly Rs. 1,243 crore.

During Friday’s trading session, shares of a leading integrated player manufacturing fabrication technology-based solar/electricity operating submersible pumps in India are in focus on the stock exchanges, after securing an order worth Rs. 23.54 crores from Haryana Renewable Energy Department (HAREDA).

With a market cap of Rs. 9,115 crores, shares of Shakti Pumps (India) Limited hit an intraday high at Rs. 746.7 on BSE, up by around 1 percent, as against its previous closing price of Rs. 739.3. The stock has delivered negative returns of over 37 percent in one year, but has gained around 14 percent in the last one month.

As per the disclosures with the latest stock exchanges, Shakti Pumps (India) Limited has received a work order from the Haryana Renewable Energy Department (HAREDA) for the design, manufacture, supply, installation, testing, and commissioning of 792 Solar Water Pumping Systems (SWPS) pumps across the state of Haryana.

The project has been awarded under Component-B of the PM-KUSUM scheme, with a total contract value of around Rs. 23.54 Crores (inclusive of GST), and is expected to be executed within 90 days.  With this latest win, Shakti Pumps has secured orders worth nearly Rs. 1,243 crore over the past one month, reinforcing strong order inflows and execution visibility.

Financials & More

Shakti Pumps reported a marginal growth in revenue from operations, experiencing a year-on-year increase of around 5 percent, from Rs. 635 crores in Q2 FY25 to Rs. 666 crores in Q2 FY26. Likewise, its net profit decreased during the same period from Rs. 101 crores to Rs. 91 crores, representing a fall of nearly 10 percent YoY.

Shakti Pumps is currently executing a Rs. 1,700 crore capex plan focused on capacity expansion and diversification. The plan includes doubling manufacturing capacity for pumps, motors, VFDs, and solar mounting structures with an investment of Rs. 250 crore, setting up a facility for EV motors, controllers, and chargers under Shakti EV Mobility Pvt Ltd with an outlay of Rs. 250 crore, and establishing a 2.2 GW solar DCR cell and PV module manufacturing plant at Pithampur, Madhya Pradesh, involving an investment of Rs. 1,200 crore.

As of 7th November 2025, the company’s total outstanding order book stood at Rs. 1,300 crores, and is further expecting substantial order inflow in the next few months from various states.

Shakti Pumps (India) Limited is engaged in the business of manufacturing and sale of pumps, motors, VFD, inverters & their spare parts. The core products of the company are engineered pumps, industrial pumps, and solar pumps etc. It is one of the biggest beneficiaries under the PM KUSUM scheme, with ~25 percent market share in the scheme.

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