Deals12 Dec 2024, 08:44 pm
Shakti Pumps (India) Limited Receives Letter of Empanelment for 25,000 Pumps from Maharashtra State Electricity Distribution Company Limited
AI Summary
Shakti Pumps (India) Limited has received a Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for 25,000 Standalone Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) pumps collectively worth Rs. 754.30 Crores (inclusive of GST) for the entire state of Maharashtra under Magel Tyala Saur Krushi Pump Scheme. The company will receive a series of orders from MSEDCL over the next 1 year that will cumulatively amount to 25,000 pumps with a total value of Rs. 754.30 Crores (inclusive of GST). The stipulated timeline of 60 days for the execution of these orders will commence from the date each work order is issued.
Key Highlights
- Shakti Pumps (India) Limited received a Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for 25,000 pumps worth Rs. 754.30 Crores (inclusive of GST)
- The pumps are Standalone Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) pumps
- The order will be executed over the next 1 year
- The stipulated timeline for execution of each work order is 60 days
- This is the second major Letter of Empanelment from the Government of Maharashtra in the past year