Shakti Pumps Secures Rs. 24 Crore Solar Order from Jharkhand
Filing Summary
Shakti Pumps (India) Limited has received a second order from the Jharkhand Renewable Energy Development Agency. The order involves the supply and installation of 1,200 Solar Water Pumping Systems under the PM-KUSUM scheme. The total order value is approximately Rs. 24 Crores, inclusive of GST. The project is to be completed within 120 days from the date of the Notice to Proceed. This order does not involve any related party transactions, and there is no promoter interest in the awarding entity.
Shakti Pumps (India) Limited has announced the receipt of a second order from the Jharkhand Renewable Energy Development Agency. The order is for the supply and installation of 1,200 Solar Water Pumping Systems (SWPS) across various locations in Jharkhand. This initiative falls under Component-B of the PM-KUSUM scheme.
The total value of the order is approximately Rs. 23.98 Crores, inclusive of GST. The project involves the design, manufacture, supply, transport, installation, testing, and commissioning of the SWPS. The completion timeline for this project is set at 120 days from the date of the Notice to Proceed or Work Order.
According to the filing, there are no related party transactions involved in this order. Additionally, neither the promoter nor the promoter group has any interest in the Jharkhand Renewable Energy Development Agency, the entity awarding the contract.
The Jharkhand Renewable Energy Development Agency is responsible for promoting renewable energy initiatives within the state. It focuses on implementing projects that enhance energy access and sustainability through various renewable energy technologies.
Shakti Pumps (India) Limited specializes in the manufacturing of energy-efficient pumps and motors. The company focuses on providing sustainable solutions in the agricultural and industrial sectors. It continues to expand its portfolio in renewable energy projects, aligning with national initiatives for sustainable development.