The company also stated that neither its promoters nor promoter-group members have any interest in the awarding entity, confirming that the transaction does not fall under related-party dealings as per regulatory norms.

In a separate filing, the company announced its second order worth Rs 23.98 crore from JREDA. The order involves the design, manufacture, supply, transport, installation, testing and commissioning of 1,200 Solar Water Pumping Systems (SWPS) across various locations in Jharkhand, also under Component-B of the PM-KUSUM scheme. This project will be executed within 120 days. As with the previous contract, the company confirmed no related-party involvement.

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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