1 day ago
Shakti Pumps Wins Maharashtra Empanelment for 4,755 Solar Pumps
Shakti Pumps has been selected to provide 4,755 solar-powered water pumps in Maharashtra.
The pumps are for a state programme that supports solar pumps for farming.
They come in three power sizes: 3 HP, 5 HP and 7.5 HP.
The company’s work includes making and delivering the systems, then installing and testing them.
The full order value, including tax, is about Rs 112.18 crore.
The company must finish within 60 days after the formal work order or Notice to Proceed is issued.
Shakti Pumps said the contract is not a related-party transaction.
Shakti Pumps received an empanelment from Maharashtra State Electricity Distribution Company Limited for 4,755 off-grid solar water pumping systems.
The systems will be supplied under Maharashtra’s Magel Tyala Saur Krushi Pump Yojana.
The order covers 3 HP, 5 HP and 7.5 HP pumps across Maharashtra.
The stated value is about Rs 112.18 crore including GST, or Rs 103.01 crore before GST.
Execution is due within 60 days after the work order or Notice to Proceed is issued.
- Who
- Shakti Pumps (India) Limited and Maharashtra State Electricity Distribution Company Limited (MSEDCL).
- What
- Empanelment for 4,755 off-grid solar photovoltaic water pumping systems.
- Where
- Across Maharashtra, India.
- When
- Disclosed in an exchange filing dated October 6; execution is due within 60 days after the work order or Notice to Proceed is issued.
- Why
- The systems are intended to support Maharashtra’s Magel Tyala Saur Krushi Pump Yojana agricultural solar pump programme.
Key facts
- Number of systems
- 4,755
- Total value including GST
- About Rs 112.18 crore
- Value before GST
- Rs 103.01 crore
- Pump capacities
- 3 HP, 5 HP and 7.5 HP
- Execution period
- 60 days from issuance of the work order or Notice to Proceed
- Programme
- Magel Tyala Saur Krushi Pump Yojana
- Related-party status
- The company said the contract is not a related-party transaction.
Sources
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