Shakti Pumps Bags ₹112.18 Cr Solar Pump Order from MSEDCL
Shakti Pumps (India) Limited has received a Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for 4,755 Off-Grid Solar Photovoltaic Water Pumping Systems (SPWPS). The order, valued at approximately ₹112.18 Crores (inclusive of GST), covers pumps of 3 HP, 5 HP, and 7.5 HP for the entire state of Maharashtra under the Magel Tyala Saur Krushi Pump Yojana. The execution of this order is to be completed within 60 days from the issuance of the work order or Notice to Proceed (NTP). The base value of the order is ₹103.01 Crores, with the total including GST amounting to ₹112.18 Crores. This significant order underscores the company's role in promoting solar energy solutions for agricultural purposes in Maharashtra.
Key Highlights
- Received empanelment for 4,755 solar water pumping systems.
- Total order value stands at ₹112.18 Crores (including GST).
- Project to be executed within 60 days of work order.
- Order is for the 'Magel Tyala Saur Krushi Pump Yojana'.
- No promoter interest in the awarding entity.
Price Impact
More from SHAKTIPUMP