Shakti Pumps Secures Rs. 21 Crore Solar Pump Order in Jharkhand
Filing Summary
Shakti Pumps (India) Limited has received a work order from the Jharkhand Renewable Energy Development Agency for 1,000 stand-alone off-grid Solar Photovoltaic Water Pumping Systems. The order, valued at approximately Rs. 21 Crores inclusive of GST, falls under Component-B of the PM-KUSUM scheme. The project involves design, manufacture, supply, transport, installation, testing, and commissioning of the systems. The completion timeline is set within 120 days from the Notice to Proceed. This is Shakti Pumps’ third order from Jharkhand, with no related party transactions involved.
Shakti Pumps (India) Limited has announced the receipt of a work order from the Jharkhand Renewable Energy Development Agency for the supply and installation of 1,000 stand-alone off-grid Solar Photovoltaic Water Pumping Systems. The order is valued at approximately Rs. 21 Crores, inclusive of GST, and is part of Component-B of the PM-KUSUM scheme.
The scope of the order includes the design, manufacture, supply, transport, installation, testing, and commissioning of the solar water pumping systems. The project is scheduled to be completed within 120 days from the date of the Notice to Proceed. This marks the third order Shakti Pumps has received from the state of Jharkhand.
The financial consideration for the work order is approximately Rs. 19.29 Crores, excluding GST. The order does not involve any related party transactions, and there is no interest from the promoter or promoter group in the awarding entity.
The Jharkhand Renewable Energy Development Agency is a domestic entity focused on promoting renewable energy initiatives within the state. The agency’s collaboration with Shakti Pumps aligns with its objectives to enhance sustainable energy solutions across Jharkhand.
Shakti Pumps (India) Limited specializes in the manufacturing of energy-efficient pumps and motors. The company focuses on expanding its footprint in the renewable energy sector, particularly through solar-powered solutions. This order reinforces its commitment to providing sustainable and efficient water pumping systems.