Image Source : Moneycontrol
Shakti Pumps India Ltd has received a work order worth ₹71.25 crore (incl. GST) from Madhya Pradesh Urja Vikas Nigam Ltd for 2,033 stand-alone off-grid DC solar photovoltaic water pumping systems statewide under PM-KUSUM Component-B. Execution is set within 120 days, boosting the firm's renewable energy portfolio.
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Shakti Pumps India Ltd, a frontrunner in solar pump manufacturing, has clinched a substantial order under the government's PM-KUSUM scheme, highlighting its leadership in sustainable irrigation solutions amid India's green energy push.
Key Highlights
Order Scope: Supply, installation, testing, and commissioning of 2,033 SPWPS pumps across Madhya Pradesh.
Financials and Timeline: Valued at ₹71.25 crore (incl. GST); completion within 120 days; no related party ties.
Client and Scheme: Awarded by Madhya Pradesh Urja Vikas Nigam Ltd under PM-KUSUM Component-B for off-grid solar systems.
Strategic Value: Enhances order book visibility and aligns with national solar agriculture initiatives.
This development reinforces Shakti Pumps' growth trajectory in renewables.
Source: Corporate filing by Shakti Pumps India Ltd to BSE and NSE.
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