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 of 18.1%. In Q3 FY26, total income reached Rs 5,077 million, up 33.4% year on year, while PAT was Rs…
Jupiter International Limited has received a Letter of Empanelment valued at Rs 64.95 crore from the Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the supply and installation of off grid solar water pumping systems under a state agriculture focused scheme. The empanelment covers the manufacture, supply, installation, testing, and maintenance of off grid solar photovoltaic water pumping systems. The project is part of MSEDCL’s Magel Tyala Saur Krushi Pump Yojana (MTSKPY), a state programme…
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 order value stands at Rs 654.03 crore, inclusive of Goods and Services Tax (GST). The scope of work includes the…
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 about Rs. 23.54 Crore including GST. The scope covers the supply, installation and commissioning of 792 Solar Water Pumping Systems…
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 the Pradhan Mantri Kisan Urja Suraksha Evam Utthaan Mahabhiyan (PM-KUSUM) Scheme. The programme aims to support clean energy use in…
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 for 16,025 off-grid solar pumps in 3 HP, 5 HP and 7.5 HP capacities. The company will design, manufacture, supply…
Crompton Greaves Consumer Electricals Limited has received a rooftop solar order worth Rs 520 million in Telangana, marking its commercial entry into the large-scale rooftop solar segment. The company plans to leverage its distribution network and brand presence to expand in the rooftop solar and solar pump markets. Project sizes in this segment range between Rs 400–500 billion, with Crompton targeting a total addressable market expansion from roughly Rs 1 trillion to Rs 2 trillion….
GK Energy Ltd, a solar-powered agricultural water pump systems provider, has raised Rs 100 crore in a pre-initial public offering (IPO) funding round. The investment came from Valuequest, 360 One (formerly IIFL Wealth), and Kotak AIF, among others. According to the company’s notice, 65.36 lakh equity shares were allotted at Rs 153 each through a private placement, representing 3.70 per cent of its pre-offer equity capital. Of this, Valuequest India G.I.F.T. Fund invested Rs 35…
Saatvik Green Energy Limited has received a letter of award from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the installation of 1,500 solar water pumping systems under the Magel Tyala Saur Krishi Pump Yojana (MTSKPY) and the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) Component B Scheme for 2025–2026. The project will be executed across multiple districts in Maharashtra and will include solar submersible pump sets with capacities of 3 HP, 5…
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 August 2025 for the first tranche of 10,000 units. All pumps were booked by farmers within 1.5 hours of the…