Shakti Pumps India received a first letter of award from Karnataka Renewable Energy worth Rs 654.03 crore including GST for supplying and installing 16,780 off-grid solar water pumping systems under PM-KUSUM component-B.
Shakti Pumps invested Rs 3 crore in its subsidiary Shakti Energy Solutions to establish a greenfield solar DCR cell and PV module manufacturing plant with 2.20 GW capacity in Pithampur, Madhya Pradesh.
Shakti Pumps (India) secured a ₹374 crore order from Maharashtra State Electricity Distribution Company (MSEDCL) to supply and install 34,720 off-grid solar water pumping systems under the PM-KUSUM B scheme.
Shakti Pumps (India) opened a branch office in Uganda and inaugurated a solar-powered piped drinking water project for 20 rural districts. The USD 35.30 million order from Uganda's Ministry of Water and Environment was awarded in March 2021 and funded by India Exim Bank.