Shakti Pumps bags LoA worth Rs 654.03 crore

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

12 Jan 2026 Evaluate

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	1785.00
Elgi Equipments	618.50
Shakti Pumps (India)	493.65
KSB	802.95
WPIL	435.00
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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
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
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.