Shakti Pumps (India) Limited has received a Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the deployment of 4,755 off-grid solar photovoltaic water pumping systems across Maharashtra.
The empanelment has been awarded under Maharashtra’s Magel Tyala Saur Krushi Pump Yojana and covers solar water pumping systems with capacities of 3 HP, 5 HP and 7.5 HP. The total value of the pumps is approximately ₹112.18 crore, including GST.
According to the company’s regulatory filing, the scope includes the design, manufacture, supply, transportation, installation, testing and commissioning of the off-grid solar photovoltaic water pumping systems.
The base value of the work order stands at ₹103.01 crore, while the total value including GST amounts to ₹112.18 crore. The project is required to be executed within 60 days from the issuance of the Work Order or Notice to Proceed (NTP).
The order has been classified as a domestic contract, with MSEDCL serving as the awarding entity. Shakti Pumps also confirmed that its promoter and promoter group have no interest in the awarding entity and that the contract does not fall under related-party transactions.
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