Deals12 Jun 2025, 10:07 am
Shakti Pumps India Ltd. Receives Rs. 114.58 Crores Order from Maharashtra Energy Department Agency
AI Summary
Shakti Pumps India Ltd. has received a Letter of Award from Maharashtra Energy Department Agency (MEDA) for 4500 Off-grid Solar Photovoltaic Water Pumping Systems (SPWPS) under MNRE Component-B of PM-KUSUM scheme. The total amount of the work order is around Rs. 114.58 Crores (inclusive of GST). The company is responsible for design, manufacture, supply, transport, installation, testing and commissioning of the systems within 90 days from the date of issuance of the work order.
Key Highlights
- Shakti Pumps India Ltd. has received an order worth around Rs. 114.58 Crores from Maharashtra Energy Department Agency.
- The order is for 4500 Off-grid Solar Photovoltaic Water Pumping Systems (SPWPS) under MNRE Component-B of PM-KUSUM scheme.
- The company is responsible for design, manufacture, supply, transport, installation, testing and commissioning of the systems.
- The time period for the completion of the order is 90 days from the date of issuance of the work order.
- The order is not a related party transaction and promoter/ promoter group / group companies do not have any interest in the entity that awarded the order.