Latest news with #MagelTyalaSaurKrushiPumpYojana
Business Standard
5 days ago
- Business
- Business Standard
Jain Irrigation secures Rs 135 crore order from MSEDCL under PM-KUSUM B scheme
Jain Irrigation Systems announced that it has secured a Rs 135 crore order from the Maharashtra State Electricity Distribution Company (MSEDCL) under the Magel Tyala Saur Krushi Pump Yojana/PM-KUSUM B scheme. As part of the contract, the company will design, manufacture, supply, transport, install, test, and commission 5,438 off-grid DC solar photovoltaic water pumping systems across various districts in Maharashtra. The pumps will be of 3 HP, 5 HP, and 7.5 HP capacities. This empanelment aligns with the government's clean energy initiative, which aims to promote solar-powered irrigation and reduce farmers reliance on conventional energy sources. The latest allocation follows Jain Irrigations successful execution of Phase I of the scheme in December 2024, during which the company installed 4,180 solar pumps worth Rs 103 crore. On the financial front, Jain Irrigation reported a 3% year-on-year increase in consolidated net profit for the quarter ended June 30, rising to Rs 14 crore from Rs 13.6 crore in the corresponding period last year. Revenue for the quarter grew by 4.6% to Rs 1,546 crore, up from Rs 1,478 crore a year ago. Jain Irrigation Systems is engaged in providing solutions in agriculture, piping and infrastructure through manufacturing of Micro Irrigation Systems, PVC Pipes, HDPE Pipes, Plastic Sheets, Agro Processed Products, Renewable Energy Solutions, Tissue Culture Plants, Financial Services and other agricultural inputs. Shares of Jain Irrigation Systems shed 0.21% to Rs 52.69 on the BSE.
Business Standard
6 days ago
- Business
- Business Standard
Oswal Pumps received LoA worth Rs 442 crore from MSEDCL
Oswal Pumps has been awarded a major Letter of Award / Letter of Empanelment by the Maharashtra State Electricity Distribution Company (MSEDCL) under the PM Kusum B Scheme / Magel Tyala Saur Krushi Pump Yojana. The contract is valued at Rs 442 crore. The project involves the design, manufacture, supply, installation, testing, and commissioning of 14,787 Off-Grid DC Solar Photovoltaic Water Pumping Systems in 3HP, 5HP, and 7.5HP capacities. These systems will be installed at identified farmers' sites across Maharashtra and will go with complete system warranty, repair and maintenance, and remote monitoring for a period of five years. The Letter of Empanelment/Letter of Award is valid for one year, with installations to be completed within 60 days from the issuance of the work order or relevant approvals.
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Business Standard
6 days ago
- Business
- Business Standard
Oswal Pumps bags ₹442 cr order to supply solar pumps in Maharashtra
Oswal Pumps on Wednesday said it has secured an order worth ₹ 442 crore from Maharashtra State Electricity Distribution Company to supply 14,787 solar water pumping systems. Besides, the company will also be responsible for the installation, testing, and commissioning of the off-grid direct current pumping systems at identified farmers' sites across Maharashtra. In an exchange filing, Oswal Pumps said, "It has been awarded a major letter of award of empanelment by Maharashtra State Electricity Distribution Company Limited (MSEDCL) under the PM Kusum B Scheme/Magel Tyala Saur Krushi Pump Yojana". The letter of award is valid for one year, with installations to be completed within 60 days from the issuance of the work order or relevant approvals. The value of the order is around ₹ 442 crore. Launched in 2019, Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) was aimed at adding solar capacity of 30,800 MW by 2022 with total central financial support of ₹ 34,422 crore, including service charges to the implementing agencies. Later, the Centre extended the PM-KUSUM scheme till March 2026, as its implementation was significantly affected due to the pandemic. According to the Ministry of New and Renewable Energy, the scheme consists of three components: Component A is for the installation of 10,000 MW of solar capacity by installing small power plants, and Component B is for the installation of 14 lakh standalone solar-powered agriculture pumps. Component C is for the solarisation of 35 lakh grid-connected agriculture pumps.
Time of India
6 days ago
- Business
- Time of India
Oswal Pumps bags ₹442 crore order to supply solar pumps in Maharashtra
New Delhi: Oswal Pumps on Wednesday said it has secured an order worth ₹442 crore from Maharashtra State Electricity Distribution Company to supply 14,787 solar water pumping systems . Besides, the company will also be responsible for the installation, testing, and commissioning of the off-grid direct current pumping systems at identified farmers' sites across Maharashtra. In an exchange filing, Oswal Pumps said, "It has been awarded a major letter of award of empanelment by Maharashtra State Electricity Distribution Company Limited (MSEDCL) under the PM Kusum B Scheme/Magel Tyala Saur Krushi Pump Yojana". The letter of award is valid for one year, with installations to be completed within 60 days from the issuance of the work order or relevant approvals. The value of the order is around ₹442 crore. Launched in 2019, Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) was aimed at adding solar capacity of 30,800 MW by 2022 with total central financial support of Rs 34,422 crore, including service charges to the implementing agencies. Later, the Centre extended the PM-KUSUM scheme till March 2026, as its implementation was significantly affected due to the pandemic. According to the Ministry of New and Renewable Energy, the scheme consists of three components: Component A is for the installation of 10,000 MW of solar capacity by installing small power plants, and Component B is for the installation of 14 lakh standalone solar-powered agriculture pumps. Component C is for the solarisation of 35 lakh grid-connected agriculture pumps.
Time of India
6 days ago
- Business
- Time of India
Oswal Pumps bags Rs 442 crore order to supply solar pumps in Maharashtra
Oswal Pumps has secured a significant order worth Rs 442 crore from Maharashtra State Electricity Distribution Company to supply 14,787 solar water pumping systems. The company will also handle installation and commissioning across Maharashtra under the PM-KUSUM scheme. This initiative aims to promote solar energy use in agriculture, with installations to be completed within 60 days of work order issuance. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads New Delhi: Oswal Pumps on Wednesday said it has secured an order worth Rs 442 crore from Maharashtra State Electricity Distribution Company to supply 14,787 solar water pumping systems Besides, the company will also be responsible for the installation, testing, and commissioning of the off-grid direct current pumping systems at identified farmers' sites across an exchange filing, Oswal Pumps said, "It has been awarded a major letter of award of empanelment by Maharashtra State Electricity Distribution Company Limited (MSEDCL) under the PM Kusum B Scheme/Magel Tyala Saur Krushi Pump Yojana".The letter of award is valid for one year, with installations to be completed within 60 days from the issuance of the work order or relevant value of the order is around Rs 442 in 2019, Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) was aimed at adding solar capacity of 30,800 MW by 2022 with total central financial support of Rs 34,422 crore, including service charges to the implementing the Centre extended the PM-KUSUM scheme till March 2026, as its implementation was significantly affected due to the to the Ministry of New and Renewable Energy , the scheme consists of three components: Component A is for the installation of 10,000 MW of solar capacity by installing small power plants, and Component B is for the installation of 14 lakh standalone solar-powered agriculture pumps . Component C is for the solarisation of 35 lakh grid-connected agriculture pumps.
