Shakti Pumps Secures Rs. 23.54 Crore Order from HAREDA

Shakti Pumps (India) Limited has announced the receipt of a work order from the Haryana Renewable Energy Department (HAREDA) for the supply of 792 Solar Water Pumping Systems (SWPS). The order falls under Component-B of the PM-KUSUM scheme. The total value of the contract is approximately Rs. 23.54 Crores, inclusive of GST. The project is scheduled to be completed within 90 days.

The work order specifies the design, manufacture, supply, installation, testing, and commissioning of the solar water pumping systems. This contract is awarded by a domestic entity, HAREDA, and does not involve any related party transactions. There is no interest from the promoter or promoter group in the entity awarding the contract.

The financial consideration for the order is detailed as Rs. 21.62 Crores excluding GST, with the total amount reaching Rs. 23.54 Crores inclusive of GST. The project is expected to be executed across the entire state of Haryana, enhancing the renewable energy infrastructure in the region.

HAREDA is focused on promoting renewable energy initiatives within the state of Haryana. The department is responsible for implementing various schemes and projects aimed at increasing the adoption of sustainable energy solutions, including solar energy systems.

Shakti Pumps (India) Limited specializes in the manufacturing and supply of energy-efficient pumps and solar energy solutions. The company is committed to expanding its presence in the renewable energy sector, aligning with government initiatives to promote sustainable energy solutions. Shakti Pumps continues to focus on innovation and quality in its product offerings.