SHAKTI PUMPS BAGS LARGE ORDER FOR SOLAR WATER PUMP SYSTEMS

has received a Letter of Empanelment (LoE) worth Rs 112.18 crore from the Maharashtra State Electricity Distribution Company (MSEDCL) for the supply and installation of 4,755 off-grid Solar Photovoltaic Water Pumping Systems (SPWPS) pumps. Under the contract, the company will design, manufacture, supply, transport, install, test and commission the off-grid solar photovoltaic water pumping systems. In fact last month, Shakti Pumps had received another order from MSEDCL worth Rs 235.92 crore to supply and install 10,000 solar-powered water pumping systems across Maharashtra. The company has reported a 120% GACR profit growth over the last 3 years, and with such repeat order the company's profitability is expected to further grow in the coming years.