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…
Alpex Solar Limited has announced an order worth Rs 65 crore (excluding GST) from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for supplying off-grid direct current (DC) solar photovoltaic (PV) water pumping systems. The company said the project comes under the Government of India’s Magel Tyala Saur Krushi Pump Yojana, which forms Component B of…
Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) announced the results of its 4.3 GW solar auction held under Component C of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM KUSUM) scheme, with 4.01 GW of capacity awarded to 82 companies. Among the key winners, Dilip Buildcon Limited secured 1,363.54 MW at a tariff…
Saatvik Green Energy Limited said its material subsidiary, Saatvik Solar Industries Private Limited, has received and accepted an order worth Rs 486 crore from a domestic independent power producer and engineering, procurement, and construction player for the supply of solar photovoltaic modules. The commercial order is scheduled to be executed by December 2026. Separately, Saatvik…
The Maharashtra State Electricity Distribution Company Limited (MSEDCL) has issued new orders for off-grid solar pumps under the Magel Tyala Saur Krushi Pump Yojana, which operates under the PM KUSUM B scheme. The awards cover systems to be deployed across Maharashtra to support agricultural irrigation. Shakti Pumps said it has received a Letter of Empanelment…
Insolation Green Energy, a wholly owned subsidiary of Insolation Energy, has received two solar PV module supply orders with a combined value of about Rs 5.16 billion. The first is a Rs 3.57 billion purchase order for n-type TOPCon modules from a private sector power producer. The company has also secured orders worth about Rs…
Insolation Green Energy Pvt Ltd, a wholly-owned subsidiary of Insolation Energy Ltd, has secured a mandate to set up more than 226 MW of solar photovoltaic capacity across 135 sites in Rajasthan. According to a company release, the subsidiary has received a letter of intent covering design, survey, installation, testing, commissioning, and 25 years of…
Shakti Pumps (India) Limited has announced that it has been empanelled by Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the supply and installation of 34,720 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) under the Magel Tyala Saur Krushi Pump Yojana / PM-KUSUM B. The company confirmed that the MSEDCL portal opened on 27…
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…
Waaree Renewable Energy Technologies Limited has received a Letter of Award (LoA) worth Rs 261.7 million. The company will develop a cumulative 21 MW/29.4 MWp decentralised solar power capacity in Maharashtra. The award was granted on July 2, 2025. The projects will be set up under Component C of the Pradhan Mantri Kisan Urja Suraksha…