Shakti Pumps Secures Rs. 71 Crore Solar Pump Order in Madhya Pradesh

Shakti Pumps (India) Limited has announced the receipt of a work order from Madhya Pradesh Urja Vikas Nigam Limited for the provision of 2,033 stand-alone off-grid DC solar photovoltaic water pumping systems. The order is valued at approximately Rs. 71.25 Crores, inclusive of GST, and is to be executed within a period of 120 days. This initiative falls under Component-B of the PM-KUSUM scheme, aimed at promoting solar energy solutions.

The scope of the order includes the design, manufacture, supply, transport, installation, testing, and commissioning of the solar photovoltaic water pumping systems across the state of Madhya Pradesh. The order is domestic in nature, with no international entities involved. The terms and conditions of the contract specify the comprehensive delivery of the systems within the stipulated timeline.

According to the filing, there is no interest from the promoter or promoter group of Shakti Pumps in the entity awarding the contract. Additionally, the transaction does not qualify as a related party transaction, ensuring that it is conducted at arm’s length.

Madhya Pradesh Urja Vikas Nigam Limited is a government entity focused on the development and implementation of renewable energy projects within the state. The organization plays a significant role in advancing solar energy initiatives, aligning with national energy policies.

Shakti Pumps (India) Limited specializes in the manufacturing and distribution of energy-efficient pumps and motors. The company is committed to expanding its footprint in the renewable energy sector, particularly through solar-powered solutions. This order aligns with its strategic focus on sustainable energy technologies.