The total value of the aforementioned contract is Rs 116.36 crore.
The scope of the project involves supply, installation and commissioning of solar water pumping systems. The project has to be executed within a period of 120 days period from the date of issue of work order.
Shakti Pumps (India) is a manufacturer of stainless-steel pumps & energy efficient motors. The company holds dominating position in domestic solar pumps industry with more than 35% market share in KUSUM scheme.
The company reported consolidated net profit of Rs 92.66 crore in Q1 FY25 which is steeply higher than Rs 1 crore posted in Q1 FY24. Revenue from operation zoomed 402% YoY to Rs 567.56 crore recorded in Q1 FY25.