Shakti Pumps (India) Limited has announced a major order win worth ₹71.25 crores from Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL) for the supply of solar water pumping systems. This significant contract, awarded under Component-B of the PM-KUSUM scheme, underscores the company's strong position in India's renewable energy infrastructure sector.

Order Details and Specifications

The comprehensive order encompasses the supply of 2,033 stand-alone off-grid DC solar photovoltaic water pumping systems to be deployed across the entire state of Madhya Pradesh. The project details are outlined below:

Project Scope and Execution

The work order includes design, manufacture, supply, transport, installation, testing and commissioning of the solar photovoltaic water pumping systems. Shakti Pumps has committed to completing the entire project within 120 days, indicating an aggressive timeline for manufacturing, supply, and installation across the state.

Regulatory Compliance and Disclosure

The company has made this announcement under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulation, 2015. The order represents an arm's length transaction with no promoter or group company interest in the awarding entity, ensuring complete transparency in the business relationship.

Strategic Significance

This order represents a substantial addition to the company's order book and demonstrates its competitive strength in the solar water pumping segment under the government's PM-KUSUM initiative. The project will contribute to Madhya Pradesh's renewable energy initiatives and sustainable water management infrastructure, particularly benefiting the agricultural sector across the state.

The order from MPUVNL validates Shakti Pumps' technical capabilities and reliability in delivering large-scale solar pumping solutions under prestigious government schemes, positioning the company for future opportunities in the expanding solar water pumping market.

Shakti Pumps (India) Limited has secured a significant order worth ₹23.98 crores from Jharkhand Renewable Energy Development Agency for solar water pumping systems under the PM-KUSUM scheme. This marks the company's second order from the state of Jharkhand, demonstrating continued business expansion in the renewable energy sector.

Order Details and Scope

The Letter of Award covers 1,200 solar water pumping systems (SWPS) to be deployed at various locations across Jharkhand under Component-B of the PM-KUSUM scheme. The comprehensive project scope encompasses multiple phases of execution.

Project Specifications

The order involves end-to-end project execution covering design, manufacture, supply, transport, installation, testing and commissioning of solar water pumping systems. This comprehensive approach ensures complete project delivery from manufacturing to final commissioning at deployment sites.

The solar water pumping systems will be installed across multiple locations in Jharkhand, supporting the state's renewable energy initiatives and agricultural water supply requirements under the government's PM-KUSUM program.

Corporate Governance Compliance

Shakti Pumps has confirmed full compliance with regulatory requirements regarding this order. The company has disclosed that promoters, promoter groups, or group companies have no interest in Jharkhand Renewable Energy Development Agency, the entity that awarded the contract.

Strategic Significance

This order represents Shakti Pumps' continued participation in India's renewable energy sector, particularly in solar-powered agricultural solutions. The PM-KUSUM scheme focuses on providing solar power to farmers for irrigation and other agricultural activities, aligning with the company's product portfolio and market positioning.

The successful award of this second order from Jharkhand indicates the company's established presence and credibility in the state's renewable energy projects, potentially opening opportunities for future collaborations with state agencies.