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SHAKTIPUMP · Shakti Pumps (India) Limited · NSE · Filed 9 Sept · 1 min read

Shakti Pumps empanelled by MSEDCL for 10,000 off-grid solar pumps in Maharashtra

The company said it received a Letter of Empanelment from MSEDCL for 10,000 off-grid solar water pumping systems under the Magel Tyala Saur Krushi Pump Yojana.

What was filed

Shakti Pumps (India) Limited disclosed to the exchanges that it has received a Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited (MSEDCL) covering off-grid solar photovoltaic water pumping systems for the entire state of Maharashtra. The pumps span 3 HP, 5 HP and 7.5 HP ratings and are to be supplied under the state's Magel Tyala Saur Krushi Pump Yojana, a scheme for agricultural solar pumps.

Scope and terms

Per the filing, the scope covers design, manufacture, supply, transport, installation, testing and commissioning of the systems. The award is domestic. The company stated that neither the promoter group nor group companies have any interest in the awarding entity, and that the order does not fall within related party transactions. Execution is tied to the issuance of a work order or Notice to Proceed.

Number of pumps
10,000
Order value (with GST)
Rs. 235.92 Crores

The empanelment adds a defined block of orders to the company's solar-pump business; a holder may note that the filing describes it as an empanelment with execution tied to a subsequent work order or NTP, and the disclosed value depends on that award and timeline.

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