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The order involves the supply, installation, testing, and commissioning of 4500 off-grid solar photovoltaic water pumping systems (SPWPS) at various locations across the state of Maharashtra. This project falls under Component-B of the PM-KUSUM scheme.
The total value of the work order is approximately Rs 114.58 crore and the project is expected to be executed within 90 days from the date of issue of the work order.
The company also clarified that the contract does not involve any related party transactions and confirmed that neither the promoter, promoter group, nor any group companies have any interest in the awarding entity.
Shakti Pumps (India) is engaged in the manufacturing of pumps, motors, & their spare parts. The core products of the company are engineered pumps, industrial pumps, solar pumps, etc.
The company’s consolidated net profit jumped 22.9% to Rs 110.23 crore in Q4 FY25 as against Rs 89.67 crore posted in Q4 FY24. Revenue from operations rose 9.2% YoY to Rs 665.32 crore in the quarter ended 31 March 2025.
For the full year,net profit rose 188.13% to Rs 408.37 crore in the year ended March 2025 as against Rs 141.73 crore during the previous year ended March 2024. Sales rose 83.57% to Rs 2516.24 crore in the year ended March 2025 as against Rs 1370.74 crore during the previous year ended March 2024.