Positive impactSector
60% of irrigation pumps run on solar energy, says Corrit Energy and Infra CEO
BusinessLine 12 hrs ago·28 Oct 2026, 4:28 pm
Corrit Energy and Infra's CEO has highlighted a major shift in India's agricultural sector. He reports that 60% of the country's irrigation pumps are now powered by solar energy. This significant adoption is driven by the PM-KUSUM scheme, which encourages farmers to replace diesel pumps with solar ones. The move aims to reduce the high cost of diesel and help farmers earn additional income by selling surplus power to the grid.
This trend is crucial for investors as it signals a robust expansion in the renewable energy sector. The widespread adoption of solar pumps suggests strong long-term growth potential for companies involved in solar infrastructure and energy solutions. Investors should monitor the government's continued support for such green initiatives and the pace of implementation across different states.
Excerpt from BusinessLine
Only 88 lakh pumps of the total 3 crore in the country run on diesel, while farmers look to earn more from PM-KUSUM scheme, says Mayur Misra At least 60 per cent of irrigation pumps in the country have been running on solar power over the past decade, even as more farmers are looking to earn more by making use of the…Read the original at BusinessLine
Key takeaways
- Category: Sector.
- AI reads the tone as positive (potentially bullish) for the stock.
Why it matters
A routine update. The tone is positive — historically associated with upward pressure, though not predictive. Use the price and stock snapshot to gauge how the market is responding.
