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Shakti Pumps raises Rs 2.93 billion through QIP
Shakti Pumps has completed its qualified institutions placement (QIP) issue, raising Rs 2.926 billion from institutional investors. The shares were issued at Rs 918.00 each, reflecting a 4.97 per cent discount to the Securities and Exchange Board of India’s floor price of Rs 965.96. The funds will be used to set up a greenfield manufacturing…
HAREDA awards contracts for 17,458 solar pumps under PM KUSUM
The Haryana Renewable Energy Development Agency (HAREDA) has awarded contracts for the supply, installation, and commissioning of 17,458 solar water pumping systems under Component B of the PM KUSUM programme. Leading recipients include Shakti Pumps with 3,174 units, AVI Appliances with 2,811, and Oswal Pumps with 2,539. Other notable companies, such as Ethos Power, Rotomag…
Carbon Minus wins Rs 39.6 billion contracts for solar projects in Maharashtra
Carbon Minus Energy Private Limited has secured contracts worth Rs 39.6 billion from Maharashtra State Power Generation Corporation (MSPGCL) and Maharashtra State Electricity Distribution Company Limited (MSEDCL) for developing 904 MW of decentralized solar power projects across the state. Out of the total capacity, MSEDCL has awarded 730 MW, while MSPGCL has allocated 174 MW. …
Insolation Energy wins 109.79 MW solar project in Rajasthan
Insolation Energy Limited has received a Letter of Intent (LoI) from Jaipur Vidyut Vitran Nigam Limited (JVVNL) to set up a total of 109.79 MW of grid-connected solar power projects across Rajasthan. The award was issued on June 30, 2025, under Component A of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme….
India’s non-fossil capacity crosses 53% of installed base
India’s total installed power capacity stood at 542,354 MW as of May 31, 2026, according to data released by the Central Electricity Authority (CEA). Non-fossil fuel sources accounted for 53.75% of the total installed capacity, while fossil fuel sources represented 46.25%. The figures indicate a structural shift in India’s generation mix, although coal continues to…
Shakti Pumps secures Rs 259 crore solar water pumping orders
Shakti Pumps (India) Limited has announced multiple new contract wins worth Rs 258.57 crore for Solar Photovoltaic Water Pumping Systems (SPWPS) in the final days of 2025. The company confirmed the developments through regulatory disclosures to stock exchanges. On 30 December 2025, Shakti Pumps (India) Limited reported receiving a work order from the Jharkhand Renewable…
