Shakti Pumps (India) Limited has informed the Exchange that Companny has received its second order from the state of Jharkhand. Jharkhand Renewable Energy Development Agency has given Letter of Award for 1,200 Nos. of Solar Water Pumping Systems (SWPS) under Component-B of PM-KUSUM scheme. The total amount of the order value is for around Rs. 23.98 Crores (inclusive of GST).
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Shakti Pumps has received its second order from Jharkhand, this time from the Jharkhand Renewable Energy Development Agency (JREDA). The Letter of Award covers 1,200 Solar Water Pumping Systems (SWPS) under Component-B of the central government's PM-KUSUM scheme. The total order value is approximately Rs. 23.98 Crores (inclusive of GST). This follows an earlier order from the same state, indicating continued traction in the company's solar pump business under the government scheme.
Positive for the company's order book and reinforces its presence in the government-driven solar pumping segment under PM-KUSUM. The repeat order from Jharkhand signals strong demand and supports revenue visibility, though the Rs. 24 Crore size is modest relative to the company's overall scale.