"Shakti Pumps India Ltd Secures LoI for ₹558.16 Crore Order"

Shakti Pumps (India) Limited has received a Letter of Intent from the Department of Agriculture, Uttar Pradesh, for the supply of 12,537 pumps across the state under Component-B of the PM-KUSUM scheme (Phase-III). The total value of the work order is approximately ₹558.16 crore, inclusive of GST, and must be completed by March 31, 2025. The project will be executed in phases according to the quantities specified in the letters of proceed, which will be issued subsequently.

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