Shakti Pumps Receives Rs 235.92 Crore Maharashtra Solar Pump Order

Core Announcement – Order Details

Awarding Entity: Maharashtra State Electricity Distribution Company Limited

Domestic/International Order: Domestic (Maharashtra state)

Nature of Order/Contract: Design, Manufacture, Supply, Transport, Installation, Testing and Commissioning of Off-Grid Solar Photovoltaic Water Pumping Systems (SPWPS) under Magel Tyala Saur Krushi Pump Yojana scheme for the entire state of Maharashtra.

Order Value: Total value of 10,000 pumps is Rs. 235.92 Crores (inclusive of GST). The base value without GST is Rs. 216.64 Crores.

Materiality Context: Not Specified

Execution Timeline: Within 60 days from the date of issuance of Work Order/Notice to Proceed (NTP).

Revenue Recognition / Billing Structure: Not Specified

Key Terms & Payment Milestones: Not Specified

Whether Related Party Transaction: No

Promoter Group Involvement: No

Financial Implication: Not Specified