Indian stock news
On July 5, 2026, Shakti Pumps (India) Limited announced the receipt of a Letter of Empanelment from the Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the supply, installation, and commissioning of 15,000 off--grid solar water pumping systems. The contract, valued at approximately ₹353.89 crore, is part of the "Magel Tyala Saur Krushi Pump Yojana" under the PM--KUSUM scheme. This significant order reinforces the company's dominant market share in the solar pumping sector and is expected to be a key driver for its revenue growth in the current fiscal year.