Deals6 Nov 2024, 11:41 pm
Shakti Pumps (India) Ltd. Receives Work Order Worth Rs. 116.36 Crores Under PM-KUSUM Scheme
AI Summary
Shakti Pumps (India) Ltd. has announced that it has received a work order under Component-B of the PM-KUSUM scheme from Haryana Renewable Energy Department (HAREDA) for 3,174 pumps. The total amount of the work order exclusive of GST is Rs. 102.25 Crores and with GST, the amount is Rs. 116.36 Crores. The company is required to supply, install, and commission the solar water pumping systems within 120 days from the date of the order issue.
Key Highlights
- Shakti Pumps (India) Ltd. has received a work order under Component-B of the PM-KUSUM scheme from HAREDA for 3,174 pumps.
- The total amount of the work order exclusive of GST is Rs. 102.25 Crores and with GST, the amount is Rs. 116.36 Crores.
- The company is required to supply, install, and commission the solar water pumping systems within 120 days from the date of the order issue.
- The order is not a related party transaction and there is no interest from the promoter or promoter group/group companies in the entity that awarded the order.