Shakti Pumps (India) Limited has informed the Exchange that Company has received Work Order from Haryana Renewable Energy Department (HAREDA) for 792 Solar Water Pumping Systems (SWPS) pumps under Component-B of PM-KUSUM scheme. The total value of the 792 pumps is around Rs. 23.54 Crores (inclusive of GST)
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Shakti Pumps (India) Limited has received a work order from the Haryana Renewable Energy Department (HAREDA) for 792 Solar Water Pumping Systems (SWPS) to be deployed across Haryana under Component-B of the PM-KUSUM scheme. The total order value is around Rs. 23.54 Crores (inclusive of GST), with the base value being Rs. 21.62 Crores. The scope includes design, manufacture, supply, installation, testing, and commissioning of the solar pumps. The order must be executed within 90 days. The order is domestic in nature, with no promoter or related-party interest involved.
This is a positive development that strengthens the company's order book from a government-backed renewable energy scheme. The short 90-day execution window means the revenue is likely to be booked quickly, supporting near-term earnings. Sustained wins under PM-KUSUM signal healthy demand visibility for the company's solar pump segment.