Award9 Sept 2026, 05:31 pm
Shakti Pumps Secures ₹235.92 Cr Order for 10,000 Solar Pumps
AI Summary
Shakti Pumps (India) Limited has received a Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for supplying 10,000 Off-Grid Solar Photovoltaic Water Pumping Systems (SPWPS). The order, valued at approximately ₹235.92 Crores (inclusive of GST), covers pumps of 3 HP, 5 HP, and 7.5 HP for the entire state of Maharashtra under the 'Magel Tyala Saur Krushi Pump Yojana'. The execution of this significant order is expected within 60 days from the issuance of the work order or Notice to Proceed (NTP). This empanelment represents a substantial business win for Shakti Pumps, reinforcing its position in the solar energy sector.
Key Highlights
- Received empanelment for 10,000 solar water pumps from MSEDCL.
- Total order value stands at ₹235.92 Crores (including GST).
- Project to be executed within 60 days of work order issuance.
- Covers pumps of 3 HP, 5 HP, and 7.5 HP for Maharashtra.
- Significant boost to the company's order book and revenue.
Price Impact
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