Shakti Pumps Secures Order for 10,000 Pumps from UP Govt

Shakti Pumps Secures Order for 10,000 Pumps from Department of Agriculture, Uttar Pradesh

Shakti Pumps Ltd has secured a letter of award to the tune of INR 293 crore from the Department of Agriculture, Uttar Pradesh. The order is for 10,000 pumps.

“Shakti Pumps (India) Limited has received Letter of Award under PM- KUSUM III scheme under component-B from Department of Agriculture, Uttar Pradesh for 10,000 pumps,” Shakti Pumps India said in a regulatory filing.

The firm will look into the supply, installation, and commissioning of solar water pumping systems. The order has to be executed within 90 days of the issuance of the work order.

Recently, Shakti Pumps announced receiving its first work order under the KUSUM-3 Scheme from Haryana Renewable Energy Department (HAREDA). The contract is for 7,781 pumps. The work order for the pumps is valued at close to INR 358 crores and is inclusive of GST.

Earlier, Shakti Pumps announced the commencement of its operations in Uganda. The company has also opened its office in the country to coordinate its expanding business better. The Uganda government awarded the order to the company for supplying solar-powered water pumping systems in March 2021 at a total contract price of USD 35.30 million.

Shakti Pumps claims that it has more than 35 percent market share in the PM-KUSUM scheme of the government.