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Shakti Pumps secures INR 600 crore orders under PM-KUSUM scheme

#Taxation & Finance News#Industrial#India#Karnataka
Last Updated : 15th Jan, 2026
Synopsis

Shakti Pumps has received new orders worth over INR 600 crore under the government's PM-KUSUM scheme, further strengthening its presence in the renewable energy and agri-infrastructure space. The orders, awarded by Karnataka Renewable Energy Development Ltd, involve the supply, installation, and commissioning of 16,780 standalone off-grid solar photovoltaic water pumping systems across Karnataka. Excluding GST, the total value of the letter of award stands at INR 600.58 crore. The development aligns with the broader objectives of the PM-KUSUM scheme, which aims to enhance farmers access to clean energy while reducing dependence on grid power and diesel. The order highlights continued momentum in decentralised solar adoption within India's agricultural sector.

Shakti Pumps has secured fresh orders valued at over INR 600 crore under the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme, reinforcing its position as a key player in India's solar-powered irrigation segment. The orders have been awarded by Karnataka Renewable Energy Development Ltd for the supply, installation, and commissioning of 16,780 standalone off-grid solar photovoltaic water pumping systems across the state.


According to the company, the total value of the letter of award stands at INR 600.58 crore, excluding goods and services tax. The project will involve end-to-end execution, including manufacturing, deployment, and commissioning of solar pumps, aimed at providing farmers with reliable and sustainable irrigation solutions.

Launched in 2019, the PM-KUSUM scheme is a flagship initiative of the central government designed to promote the use of solar energy in the agricultural sector. The programme seeks to reduce farmers dependence on conventional grid electricity and diesel-powered pumps, lower irrigation costs, and contribute to India's renewable energy targets. Under the scheme, the government aims to add 34,800 MW of solar capacity by March 2026 through a mix of decentralised solar power plants, solarisation of existing grid-connected pumps, and installation of standalone solar pumps.

The latest order reflects sustained demand for off-grid solar pumping solutions, particularly in states with large agrarian economies such as Karnataka. For farmers, these systems offer long-term cost savings, energy security, and improved water access, while also supporting climate and sustainability goals.

Source - PTI

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