Core Announcement – Order Details
Awarding Entity: Maharashtra State Electricity Distribution Company Limited (MSEDCL)
Domestic/International Order: Domestic entity
Nature of Order/Contract: Design, Manufacture, Supply, Transport, Installation, Testing and Commissioning of Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) of 3HP, 5 HP & 7.5 HP capacity at identified farmer's site in District of Maharashtra, including complete system warranty and its repair and maintenance and Remote Monitoring System (RMS) for 5 years under PM Kusum B Scheme "Magel Tyala Saur Krushi Pump" Yojana.
Order Value: ₹235.92 Crore approximately (including GST)
Materiality Context: Described as an "additional order" reflecting "strong and enduring partnership" and "repeat order" that underscores customer trust. Part of the company's cumulative order book expansion under various solar pumping schemes.
Execution Timeline: Installation must be completed within 60 days from the date of issuance of Notice to Proceed (NTP)/Work Order.
Revenue Recognition / Billing Structure: Not Specified
Key Terms & Payment Milestones: Not Specified
Whether Related Party Transaction: No
Promoter Group Involvement: No promoter/promoter group/group companies have any interest in the entity that awarded the order.
Financial Implication: Not Specified