The total value of the order stands at approximately Rs 356.77 crore. The project is to be executed within 60 days from the issuance of the work order or notice to proceed (NTP).
The company further clarified that neither its promoters nor members of the promoter group have any interest in the awarding authority. It added that the transaction does not qualify as a related-party transaction under applicable regulatory norms.
Shakti Pumps (India) manufactures solar pumps, energy-efficient stainless-steel submersible pumps, pressure booster pumps, pump motors, and other products.
The company’s consolidated net profit declined 10.56% to Rs 90.71 crore in Q2 FY26 compared with Rs 101.42 crore in Q2 FY25. Revenue from operations rose 5% YoY to Rs 666.35 crore in Q2 Sept 2025.
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