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Energy Giants Solex & Shakti Secure Rs 290Cr+ Contracts

By ThePip DeskEnergy Giants Solex & Shakti Secure Rs 290Cr+ Contracts

Solex Energy and Shakti Pumps secure major domestic renewable energy contracts worth over Rs 290 crore, boosting India’s green infrastructure.

The domestic energy sector is seeing major activity as leading players lock in significant contract wins. Two major domestic firms have announced fresh orders that underline strong activity across renewable infrastructure.

Contract Details and Financial Metrics

  • Solex Green Energy subsidiary order value: Rs 180.98 crore
  • Shakti Pumps MSEDCL order value: Rs 112.18 crore
  • Shakti Pumps pre-GST value: Rs 103.01 crore
  • Shakti Pumps system count: 4,755 units

Solex Green Energy secured its work order from a domestic entity in the power and electricity sector. The project involves supplying TopCon Bifacial G2G Solar PV Modules and has a completion deadline of January 2027.

Scope and Execution Timelines

  • Solex completion target: January 2027
  • Shakti Pumps execution window: 60 days
  • Pumping system categories: 3 HP, 5 HP, and 7.5 HP

Shakti Pumps received its Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited. The mandate requires full execution including design, manufacturing, supply, transportation, installation, testing, and commissioning.

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