Key Contract Details
Shakti Pumps (India) Limited has received a Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for supply of 15,000 Off-Grid Solar Photovoltaic Water Pumping Systems (SPWPS). The pumps are of 3 HP, 5 HP, and 7.5 HP capacity for the entire state of Maharashtra under the "Magel Tyala Saur Krushi Pump Yojana" scheme.
Financial Consideration
The total contract value is ₹353.89 Crores inclusive of GST. The base value without GST is ₹324.96 Crores.
Execution Timeline
The contract must be executed within 60 days from the issuance of work order/Notice to Proceed (NTP).
Scope of Work
The contract involves Design, Manufacture, Supply, Transport, Installation, Testing and Commissioning of Off-Grid Solar Photovoltaic Water Pumping Systems.
Entity Relationships
The order was awarded by a domestic entity (MSEDCL). The promoter/promoter group/group companies have no interest in the entity that awarded the order. The contract does not fall within related party transactions.