Two central government programmes are expanding solar deployment beyond utility-scale projects by promoting generation at the farm and household level. The Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) and PM Surya Ghar: Muft Bijli Yojana focus on decentralised solar installations that allow farmers and residential consumers to generate electricity directly at the point…
Oswal Pumps Limited reported strong financial performance for the third quarter and the first nine months of FY26. For the nine-month period ended FY26, total income rose to Rs 15,692 million, reflecting a 47.0% increase compared to the same period last year. Profit after tax (PAT) stood at Rs 2,837 million, translating into a margin…
Shakti Pumps (India) Limited has received its first major order from Karnataka, strengthening its presence in the solar pumping segment and expanding its geographic footprint. The company has been awarded a contract by Karnataka Renewable Energy Development Limited (KREDL) for the installation of 16,780 standalone off-grid direct current solar photovoltaic water pumping systems. The total…
The central government’s Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyaan (PM-KUSUM) scheme continues to generate orders for solar water pumping systems in multiple states. On 02 January 2026, Shakti Pumps (India) Limited informed the stock exchanges that it had received a work order from the Haryana Renewable Energy Department (HAREDA). The contract value is…
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…