MoneyWorks4Me

Shakti Pumps (India) has received first letter of award (LoA) worth Rs 654.03 crore (inclusive of GST) from Karnataka Renewable Energy Development. The LoA is for 16780 standalone Off?Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) pumps for the entire state of Karnataka under Component?B of PM?KUSUM scheme. The order is to be executed by March 31, 2026.

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 1766.85
Elgi Equipments 585.15
Shakti Pumps (India) 454.25
KSB 806.60
Oswal Pumps 264.20
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