STOCKWATCH
·
Other Electrical Equipment
Deals5 Sept 2024, 07:27 pm

Premier Energies Ltd Receives Rs. 215 Crores Order from Uttar Pradesh Department of Agriculture for 8,085 Solar Water Pumping Systems

AI Summary

Premier Energies Ltd has received an order from the Uttar Pradesh Department of Agriculture for the supply, installation, and commissioning of 8,085 solar water pumping systems across various districts in the state. The project, valued at Rs. 215 Crores, is scheduled for completion by March 2025 and falls under Component-B of the PM-KUSUM Scheme. This initiative is aimed at ensuring energy security for farmers in India and honoring India’s commitment to increase the share of installed capacity of electric power from non-fossil-fuel sources to 40% by 2030 as part of Intended Nationally Determined Contributions (INDCs).

Key Highlights

  • Order received from Uttar Pradesh Department of Agriculture for 8,085 solar water pumping systems.
  • Project valued at Rs. 215 Crores and scheduled for completion by March 2025.
  • Initiative falls under Component-B of PM-KUSUM Scheme aimed at ensuring energy security for farmers in India.
  • Part of India’s commitment to increase the share of installed capacity of electric power from non-fossil-fuel sources to 40% by 2030 as part of Intended Nationally Determined Contributions (INDCs).
PREMIERENE
Other Electrical Equipment
Premier Energies Ltd

Price Impact