Shakti Pumps (India) Limited has informed the Exchange about the company has received Letter of Award from Maharashtra Energy Department Agency (MEDA) for 445 Off-grid Solar Photovoltaic Water Pumping System (SPWPS) at various locations across the State of Maharashtra under Component-B of PM-KUSUM scheme. The total amount of the work order is for around Rs. 12.42 Crores (inclusive of GST).
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Shakti Pumps has received a Letter of Award from Maharashtra Energy Department Agency (MEDA) for supplying 445 off-grid Solar Photovoltaic Water Pumping Systems (SPWPS) across various locations in Maharashtra. The order falls under Component-B of the central government's PM-KUSUM scheme, which promotes solar-powered agricultural pumping. The total value of the work order is approximately Rs. 12.42 crores, inclusive of GST. This adds to the company's order book in the solar pump segment and continues its participation in government-backed renewable energy projects.
While the order size is modest compared to Shakti Pumps' overall scale, it reinforces the company's presence in the government solar pump segment and could support steady order inflow visibility under the PM-KUSUM scheme.