Latest news with #ShaktiPumps(India)
Business Upturn
2 days ago
- Business
- Business Upturn
Shakti Pumps secures Rs 114.58 crore solar water pumping contract from Maharashtra's MEDA under PM-KUSUM scheme
By Aditya Bhagchandani Published on June 12, 2025, 10:09 IST Shakti Pumps (India) Ltd has received a significant order from the Maharashtra Energy Development Agency (MEDA) for the supply and installation of 4,500 off-grid Solar Photovoltaic Water Pumping Systems (SPWPS). The contract is valued at approximately Rs 114.58 crore, inclusive of GST, and falls under Component-B of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme. The scope of the order includes design, manufacturing, supply, transportation, installation, testing, and commissioning of the solar water pumps across various locations in Maharashtra. According to the official disclosure made under SEBI Regulation 30, the work is scheduled to be completed within 90 days from the issuance of the work order. The company has clarified that the order is domestic in nature, and neither the promoter group nor any related party has any interest in MEDA. This order is not categorized as a related party transaction. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
Business Upturn
25-04-2025
- Business
- Business Upturn
Shakti Pumps receives Rs 122 crore work order under PM-KUSUM scheme from HAREDA
By Aman Shukla Published on April 25, 2025, 14:31 IST Shakti Pumps (India) Limited has secured a significant contract under the PM-KUSUM scheme's Component-B. The work order has been issued by the Haryana Renewable Energy Department (HAREDA) for the supply and installation of 3,511 solar water pumps. This initiative aligns with the government's push towards sustainable energy and the enhancement of agricultural infrastructure through solar solutions. The total value of the work order stands at ₹107.33 crores, exclusive of GST. Including GST of ₹14.81 crores, the cumulative order value amounts to ₹122.14 crores. Under the terms of the agreement, Shakti Pumps will undertake the design, manufacturing, supply, installation, testing, and commissioning of the solar water pumping systems. This order falls within the domestic category, with all activities being executed within India. The contract specifies a completion timeline of 120 days from the date of issuance of the work order, highlighting the project's time-bound nature. Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
