Shakti Pumps (India) Limited has received a Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited for supplying 10,000 Off-Grid Solar Photovoltaic Water Pumping Systems. The order, valued at approximately ₹235.92 Crores (inclusive of GST), covers various pump capacities for the entire state of Maharashtra under the ‘Magel Tyala Saur Krushi Pump Yojana’. Execution is expected within 60 days of the work order.
Major Empanelment for Solar Water Pumps
Shakti Pumps (India) Limited announced today that it has received a significant Letter of Empanelment from the Maharashtra State Electricity Distribution Company Limited. This empanelment allows Shakti Pumps to supply 10,000 Off-Grid Solar Photovoltaic Water Pumping Systems (SPWPS).
Scope and Value of the Order
The order encompasses pumps of 3 HP, 5 HP, and 7.5 HP capacities and is for the entire state of Maharashtra, implemented under the ‘Magel Tyala Saur Krushi Pump Yojana’. The total value of this substantial order is approximately ₹235.92 Crores, which includes Goods and Services Tax (GST). The company is expected to execute this order within 60 days from the issuance of the work order or Notice to Proceed (NTP).
Key Project Details
The contract involves the design, manufacture, supply, transport, installation, testing, and commissioning of these solar pumping systems. The domestic nature of the award underscores Shakti Pumps’ strong presence and capabilities within India. The company has confirmed that there are no promoter or promoter group companies with interests in the awarding entity, and the transaction is not considered a related party transaction.
Source: BSE
