Deals23 Aug 2024, 04:30 pm
Shakti Pumps (India) Ltd. Receives Order Worth Rs. 9.40 Crores from Jharkhand State
AI Summary
Shakti Pumps (India) Ltd. has announced that it has received its first work order from the State of Jharkhand, specifically from Jharkhand Renewable Energy Development Agency. The order is for 400 Nos. of Solar Water Pumping Systems (SWPS) at various locations across the state under Component-B of PM-KUSUM scheme, with a total order value of around Rs. 9.40 Crores (inclusive of GST). The company is required to design, manufacture, supply, transport, install, test, and commission the solar water pumping systems within 120 days from the date of the order.
Key Highlights
- Shakti Pumps (India) Ltd. has received its first work order from the State of Jharkhand worth around Rs. 9.40 Crores.
- The order is for 400 Nos. of Solar Water Pumping Systems (SWPS) under Component-B of PM-KUSUM scheme.
- The company is responsible for design, manufacture, supply, transport, installation, testing, and commissioning of the systems.
- The order must be completed within 120 days from the date of notice to proceed.
- The order is not a related party transaction and is done at arm’s length.