Shakti Pumps bags new work order worth Rs 67.32 crore

Shakti Pumps (India) Ltd. | Compressors / Pumps | Capital Goods & Industrial Consumables | BSE: 531431 | NSE: SHAKTIPUMP

01 Jan 2026 Evaluate

Shakti Pumps (India) has further received new work order from Madhya Pradesh Urja Vikas Nigam for 1,952 Stand?alone Off?Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) pumps for the entire state of Madhya Pradesh under Component?B of PM?KUSUM scheme. The total value of the 1,952 pumps is around Rs 67.32 crore (inclusive of GST) which is to be executed within 120 days.

Shakti Pumps (India) is a specialist in the manufacture of a broad range of submersible pumps and motors for a variety of applications.

Peers

Company Name	CMP
Kirloskar Brothers	1792.30
Elgi Equipments	614.25
Shakti Pumps (India)	476.85
KSB	822.20
Oswal Pumps	284.50
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.