New Launch13 Aug 2025, 02:01 am
Shakti Pumps Receives Letter of Empanelment for 34,720 Off-Grid Solar Pumps worth ~ Rs. 1,037 Crores
AI Summary
Shakti Pumps (India) Limited has received a Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited for 34,720 Standalone Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) pumps collectively worth ~ Rs. 1037 Crores (inclusive of GST) for the entire state of Maharashtra under Magel Tyala Saur Krushi Pump Yojana / PM KUSUM B. The Letter of Empanelment is valid for up to one year and the installation is to be completed within 60 days from the date of issuance of NTP / work order. This significant development will greatly enhance Shakti Pumps' robust order book position and further solidify their position in the solar pumps market.
Key Highlights
- Shakti Pumps received a Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited for 34,720 Off-Grid Solar Photovoltaic Water Pumping Systems (SPWPS) pumps.
- The total value of the pumps is around Rs. 1,037 Crores (inclusive of GST).
- The Letter of Empanelment is valid for up to one year.
- The installation is to be completed within 60 days from the date of issuance of NTP / work order.
- This development will enhance Shakti Pumps' robust order book position and further solidify their position in the solar pumps market.