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Shakti Pumps (India) Limited has received a Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for 25,000 Standalone Off-Grid DC Solar Photovoltaic Water Pumping Systems, valued at Rs. 754.30 Crores (inclusive of GST). This significant order will be fulfilled over the next year, with work commencing within 60 days of each order issuance.
The company’s Chairman, Mr. Dinesh Patidar, expressed enthusiasm about this development, noting that it enhances their order book positioning. This is the second major empanelment from the Government of Maharashtra within a year, strengthening Shakti Pumps' role as a leader in solar pumping solutions in the state. The order reflects ongoing demand for sustainable technology in agriculture, presenting a positive outlook for the company's growth trajectory. Investors should watch closely for future developments and order announcements.