MoneyWorks4Me

Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Schedule III thereof, Shakti Pumps (India) has informed that the Company has received a Letter of Empanelment from Maharashtra State Electricity Distribution Company (MSEDCL), for 50,000 Off-Grid Solar Photovoltaic Water Pumping Systems (SPWPS) pumps for the entire state of Maharashtra under Component-B of PM-KUSUM scheme (Phase-III). The total value of the 50,000 pumps is around Rs 1,603 Crores (inclusive of GST) which is to be executed over 24 months.

The above information is a part of company’s filings submitted to BSE.


Peers
Company Name CMP
Kirloskar Brothers 1777.05
Elgi Equipments 588.50
Shakti Pumps (India) 458.75
KSB 807.10
Oswal Pumps 263.40
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