Solar pumps

India’s Union Budget 2026–27 extends basic customs duty (BCD) exemptions on the import of capital goods used for lithium-ion cell production for battery energy storage systems (BESS), as well as capital goods required for processing critical minerals. It also removes the 7.5% BCD on sodium antimonate used in solar glass manufacturing.

Jupiter International Ltd has secured an order for the manufacturing, supply, installation, testing, and maintenance of off-grid solar PV water pumping systems (SPWPS) under the Magel Tyala Saur Krushi Pump Yojana (MTSKPY) in Maharashtra.

Shakti Pumps (India) Ltd has secured an order from Karnataka Renewable Energy Development Ltd (KREDL) for the installation of 16,780 solar PV water pumping systems under Component B of the PM-KUSUM Scheme. The aggregate order value is INR 654.03 crore (inclusive of GST).

Shakti Pumps (India) Ltd has received a work order from the Haryana Renewable Energy Department (HAREDA) for the supply and installation of 792 solar water pumping systems across the state under Component-B of the PM-KUSUM scheme.

KLK Ventures has secured an order for the deployment of 1,000 solar water pumping systems across Maharashtra under the Government of India’s PM KUSUM Yojana.

Alpex Solar Ltd has secured an order valued at INR 65 crore (excluding GST) from Maharashtra State Electricity Distribution Co. Ltd (MSEDCL) for the supply of off-grid DC solar PV water pumping systems.

Saatvik Green Energy has secured an additional order from Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL) for the supply, installation, and commissioning of 1,000 solar water pumps of 3 HP, 5 HP, and 7.5 HP capacity. This brings its total order from MSEDCL to 1,815 solar water pumps, valued at around INR 30.24 crore (exclusive of GST).

Cricket legend Sachin Tendulkar has invested INR 3.6 crore in Hyderabad-based solar EPC company Suntek Energy Systems, acquiring a 2% stake in the firm.

Oswal Pumps has received a Letter of Award from the Maharashtra State Electricity Distribution Co. Ltd (MSEDCL) for the supply and installation of 13,738 off-grid DC solar PV water pumping systems under the PM-KUSUM Scheme

Maharashtra State Electricity Distribution Co. Ltd. (MSEDCL), the state-owned discom, has announced that the state has successfully installed an unprecedented 45,911 solar water pumps in just one month, marking one of the largest and fastest renewable-energy irrigation deployments in the world. This achievement completes its Guinness World Records attempt under the Magel Tyala Solar Pump initiative.