Shakti Pumps (India) Limited has received Letter of Award from Maharashtra Energy Department Agency (MEDA)…
As filed · Shakti Pumps (India) Limited has informed the Exchange that the Shakti Pumps (India) Limited has received Letter of Award from Maharashtra Energy Department Agency (MEDA) for 877 Solar Photovoltaic Wa
What happened
FactShakti Pump has received a work order valued at approximately Rs. 23.91 Crores, which includes GST. Further details are provided in Annexure – I, as per SEBI Circular no SEBI/HO/CFD/CFD‐PoD‐1/P/CIR/2023/123 dated July 13, 2023.
Why it matters
CapitSignal interpretationAn order converts to revenue over its execution period, so its size relative to existing revenue decides whether it changes the trajectory or is routine flow.
Scale
- 0.9% of FY26 revenue
₹23.91 Cr stated in the filing against ₹2,643.11 Cr revenue (FY26, standalone)
Source: financial_facts · exchange_table
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Guidance
WithdrawnLooking ahead, we remain committed to delivering 25–30% revenue growth in FY26 and sustaining this trajectory over the next 3–4 years.
We will update you every quarter.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Execution period stated in the order
- Whether the order book total is disclosed
- Margin commentary at the next results
- Looking ahead, we remain committed to delivering 25–30% revenue growth in FY26 and sustaining this trajectory (management committed by FY26)
- Receivable days have improved from 178 in FY24 to 152 in FY25, and we are targeting a return to approximately (management committed by FY26)
Evidence
- Shakti Pumps (India) Limited has informed the Exchange that the Shakti Pumps (India) Limited has received Letter of Award from Maharashtra Energy Department Agency (MEDA) for 877 Solar Photovoltaic Water Pumping System (SPWPS) at various locations across the State of Maharashtra under Component-B of PM-KUSUM scheme. The total amount of the work order is for around Rs. 23.91 Crores (inclusive of GST).(opens the original filing in a new tab)
- Earlier statement · Q1 FY26
- Latest statement · FY26
How CapitSignal classified this
- Reasoning:
- ORDER_WIN base 58; +2 corroborating keywords; +5 quantified amount; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 90%