| The contract, valued at around Rs 155.24 crore (including GST), will be executed under the Magel Tyala Saur Krushi Pump Yojana, a state scheme aimed at promoting solar-powered irrigation.
The company said the scope of work includes design, manufacture, supply, transport, installation, testing, and commissioning of pumps with capacities of 3 HP, 5 HP, and 7.5 HP. The project is to be completed within 60 days from the issuance of the work order or Notice to Proceed (NTP), according to the regulatory filing. The base contract value stands at Rs 142.55 crore, excluding GST.
Shakti Pumps (India) is engaged in the manufacturing and sale of pumps, motors, VFDs, inverters, and their spare parts. The core products of the company include engineered pumps, industrial pumps, and solar pumps.
Shares of Shakti Pumps India shed 0.25% to Rs 559.80 on the BSE. |