Shakti Pumps (India) Limited has informed the Exchange about Company has received Work Order from Jharkhand Renewable Energy Development Agency for 1,000 Nos. of stand-alone off Grid Solar Photovoltaic Water Pumping Systems (SPWPS) under Component-B of PM-KUSUM scheme. The total amount of the order value is for around Rs. 21.00 Crores (inclusive of GST).
SHAKTIPUMP · price
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Awaiting price reaction for this filing.
Shakti Pumps (India) Limited has received a work order worth around Rs. 21 Crores (inclusive of GST; Rs. 19.29 Crores excluding GST) from Jharkhand Renewable Energy Development Agency. The order is for the design, manufacture, supply, installation, testing and commissioning of 1,000 stand-alone off-grid Solar Photovoltaic Water Pumping Systems (SPWPS) under Component-B of the PM-KUSUM scheme. The company mentions this is its third order from the state of Jharkhand. The work is to be completed within 120 days from the date of the Notice to Proceed (NTP).
Positive: a repeat government order from Jharkhand reinforces Shakti Pumps' presence in the PM-KUSUM solar pump segment, though the order size (~Rs. 21 Cr) is modest relative to the company's overall scale, limiting material impact on revenue or stock price.