Why Shakti Pumps Is in Focus Again: Two New Order Wins

Shakti Pumps shares rose around 3% today and are up over 15% over the last two trading sessions. The stock is in focus as the company continues to report strong order inflows under government-backed solar pump schemes.

After a major order announcement yesterday triggered a sharp rally, the company has followed it up with two more order wins announced today, reinforcing confidence in its growth momentum.

What Are Today’s Two New Order Wins

The latest announcements show that Shakti Pumps is receiving orders from multiple state agencies, indicating broad-based demand rather than dependence on a single large contract.

Order from Madhya Pradesh

Shakti Pumps has received a work order from Madhya Pradesh Urja Vikas Nigam Limited for 2,033 stand-alone off-grid DC solar water pumping systems under Component-B of the PM-KUSUM scheme. The total value of this order is around Rs 71.25 crore including GST.

The company will manage manufacturing, supply, installation, testing, and commissioning of these pumps across the state. The project is expected to be completed within 120 days.

Order from Jharkhand

On the same day, the company also secured its second order from Jharkhand. The Jharkhand Renewable Energy Development Agency awarded Shakti Pumps a contract for 1,200 solar water pumping systems to be installed across different locations in the state under the PM-KUSUM scheme.

The order value stands at around Rs 23.98 crore including GST, with execution planned within 120 days.

How This Extends Yesterday’s Rally

These fresh order wins come just a day after Shakti Pumps shares rallied sharply following a large solar pump order worth over Rs 400 crore from Maharashtra. That announcement significantly strengthened the company’s order book and acted as a trigger for the stock’s sharp move.

Today’s back-to-back updates suggest that the demand momentum is continuing and not limited to a one-off event, which is why the stock has extended its gains.

Why PM-KUSUM Orders Are Key for Shakti Pumps

PM-KUSUM is a central government scheme aimed at promoting solar-powered irrigation across India. Under this program, state agencies place bulk orders for solar water pumping systems, offering stable and visible demand.

Shakti Pumps has built a strong presence in this segment over the years. Regular order wins from states such as Maharashtra, Madhya Pradesh, and Jharkhand indicate that the company is well positioned to benefit as more states push solar adoption in agriculture.

Key Analytical Takeaways for Investors

• Order visibility has improved further. Multiple announcements over two days provide clearer revenue visibility for the coming quarters.
• Geographic diversification reduces risk. Orders from different states lower dependence on any single region or project.
• Short execution timelines support faster revenue recognition. Most of these contracts are to be completed within about four months.
• Government-backed demand remains strong. Continued PM-KUSUM-related orders show sustained policy support for solar irrigation.
• Price action reflects consistency. The stock’s rise of over 15% in two sessions suggests the market is responding to repeated confirmations of demand rather than a single trigger.

Bottom Line

Shakti Pumps is in focus again as two new order wins today add to the momentum created by yesterday’s large contract announcement. The recent share price movement reflects improved confidence around future revenues.

If order inflows remain steady and execution stays on track, Shakti Pumps is likely to remain on investors’ radar in the near term.

Disclaimer

Investments in the securities market are subject to market risks. Read all the related documents carefully before investing. The securities are quoted as an example and not as a recommendation. This is nowhere to be considered as advice, recommendation, or solicitation of an offer to buy or sell or subscribe for securities. INDStocks SIP / Mini Save is a SIP feature that enables Customer(s) to save a fixed amount on a daily basis to invest in Indian stocks. INDstocks Private Limited (formerly known as INDmoney Private Limited) 616, Level 6, Suncity Success Tower, Sector 65, Gurugram, 122005, SEBI Stock Broking Registration No: INZ000305337, Trading and Clearing Member of NSE (90267, M70042) and BSE, BSE StarMF (6779), SEBI Depository Participant Reg. No. IN-DP-690-2022, Depository Participant ID: CDSL 12095500, Research Analyst Registration No. INH000018948 BSE RA Enlistment No. 6428. Refer to https://indstocks.com/pricing?type=indian-stocks; https://www.indstocks.com/page/indian-stocks-sip-terms-and-condition for further details.