Shares of Shakti Pumps (India) Ltd. rallied as much as 6.79% to an intraday high of ₹731.65 on the National Stock Exchange on Monday, following a major solar order win. The stock was trading 4.86% higher at ₹718.45 per share around 2:05 pm. While the scrip declined over 2% in the past week, it has gained nearly 11% over the month. The stock reached a 52-week low of ₹548.45 on December 10, 2025, and touched a year's high of ₹1,387 on January 9, 2025. As per Upstox, Shakti Pumps has a total market capitalisation of ₹8,898.23 crore as of January 12, 2026.
Shakti Pumps secured a maiden order worth ₹654.03 crore (including GST) from Karnataka Renewable Energy Development Ltd. under the PM-KUSUM B Scheme. The order involves design, manufacture, supply, transport, installation, testing and commissioning of 16,780 Solar Photovoltaic Water Pumping Systems (SPWPS) across Karnataka. The base order value is ₹600.58 crore, with GST taking the total to ₹654.03 crore. The project is expected to be completed on or before March 31, 2026. According to Upstox, this order was awarded under the Karnataka Government's solar agriculture initiative, aimed at promoting renewable energy adoption and enhancing irrigation infrastructure across the state.
The Karnataka order marks Shakti Pumps' entry into the Southern region of the country, further expanding its geographical reach and opening up new markets. As per Upstox, the company has won cumulative orders worth ₹1,900 crore (inclusive of GST) in the last month across various states including Madhya Pradesh, Jharkhand, Haryana, Maharashtra, and Karnataka. These order wins reinforce the company's leading position in solar pump programs and highlight its continued focus on delivering high-quality, reliable, and energy-efficient solar pumping solutions.
Commenting on the order win, Dinesh Patidar, Chairman of Shakti Pumps (India) Limited, said the order from Karnataka Renewable Energy Development Limited marks another important milestone and reflects the continued trust placed in the company's capabilities by state agencies. Citing Upstox, Patidar added that the cumulative orders recently received across various states reaffirm the growing adoption of solar pumping solutions across India and the company's ability to effectively address growing demand. "As we move forward, we remain focused on timely execution, technological innovation, and contributing to India's renewable energy and sustainable agriculture goals," Patidar stated.
Tanfac Industries signed a contract for supply of 7,500 metric tonnes of fluorinated chemicals with a Japanese customer for ₹337.5 crore per annum, spanning seven years from January 1, 2027, with total estimated value of ₹2,362.5 crore. Man Industries announced new orders worth ₹550 crore for pipes, bringing its total unexecuted order book to around ₹4,600 crore. Cryogenic OGS Limited received a purchase order worth ₹1.47 crore from Emerson Measurement Systems. These order announcements across multiple sectors highlighted positive investor sentiment in an otherwise weak market session.
