Shakti Pumps Secures ₹23.54 Crore Order from HAREDA for Solar Pumps
Shakti Pumps (India) Limited received a work order worth ₹23.54 Crores (including GST) from Haryana Renewable Energy Department (HAREDA). The order is for 792 Solar Water Pumping Systems to be executed within 90 days.
The order value of ₹23.54 Crores is significant and is expected to contribute positively to the company's revenue and market position in the renewable energy sector.
The company has secured a new order, which is positive for its business and revenue prospects.
Shakti Pumps (India) Limited has announced the receipt of a significant work order from the Haryana Renewable Energy Department (HAREDA). This order is for the supply of 792 Solar Water Pumping Systems (SWPS) across the entire state of Haryana, under Component-B of the PM-KUSUM scheme.
The total value of this contract is approximately ₹23.54 Crores, inclusive of GST. The company is expected to execute this order within a timeframe of 90 days from the date of the award.
The scope of work includes the design, manufacture, supply, installation, testing, and commissioning of these Solar Water Pumping Systems. This domestic order does not involve any related party transactions or interest from promoters in the awarding entity.
What to do with a filing like this
Shakti Pumps (India) Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Shakti Pumps (India) Limited. Read the original for the full detail.