PM-KUSUM: Shakti Pumps Gets Rs. 12.42 Cr Order From MEDA

Indian solar pump manufacturer Shakti Pumps (India) Ltd. announced today that it has received a Letter of Award (LoA) from the Maharashtra Energy Development Agency (MEDA) for the installation of 445 off-grid Solar Photovoltaic Water Pumping Systems (SPWPS).

In a regulatory filing, the company said the project will be implemented at various locations across Maharashtra under Component B of the PM-KUSUM scheme. The total value of the work order is approximately ₹12.42 crore.

Shakti Pumps’ market presence and diversification

Based in Madhya Pradesh, Shakti Pumps is one of India’s largest suppliers of solar pumps, holding around a 25% market share under the PM-KUSUM scheme. The company has a strong presence in key agricultural states, including Haryana, Rajasthan, Uttar Pradesh, Madhya Pradesh, and Maharashtra.

Expanding beyond solar pumps, Shakti Pumps has also ventured into manufacturing electric controllers and motors for electric vehicles (EVs), securing pilot orders from original equipment manufacturers (OEMs). The company continues to focus on innovation, quality, and sustainability in the pump manufacturing industry.

As of the last quarter (Q3 FY24), ending in February, Shakti Pumps had an overall order book of ₹1,200 crore from Maharashtra, the company said in a filing. The latest order will further expand its projects under Component B of the PM-KUSUM scheme.

India’s solar pump progress under PM-KUSUM

The PM-KUSUM scheme has witnessed record growth. Under Component B, 4.4 lakh solar pumps were installed in FY25, marking a 4.2-fold increase over the previous year. In Component C, 2.6 lakh pumps were solarized, 25 times more than in FY24. The total number of solar pumps installed or solarized under the scheme has now exceeded 10 lakh. Government spending on PM-KUSUM surged to ₹2,680 crore in FY25, a 268% increase from the previous year, underscoring India’s push for clean energy solutions in agriculture.