Shakti Pumps (India) Limited has announced that it has received a Letter of Award from the Maharashtra Energy Department Agency (MEDA) for the installation of 1,200 Off-grid Solar Photovoltaic Water Pumping Systems (SPWPS) across Maharashtra. This order is part of Component-B of the PM-KUSUM scheme and is valued at approximately Rs 33.47 Crores, inclusive of GST.
In a statement to the exchange, the company mentioned, “Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Schedule III thereof, we would like to inform you that Shakti Pumps (India) Limited has received a Letter of Award from Maharashtra Energy Department Agency (MEDA) for 1,200 Off-grid Solar Photovoltaic Water Pumping Systems at various locations across Maharashtra under Component-B of PM-KUSUM scheme. The total order value is around Rs 33.47 Crores (inclusive of GST).”
As of 3:32 PM, Shakti Pumps shares were trading 0.45% lower at ₹4,194.00 on the NSE.
