Mumbai, Dec. 23 -- According to an exchange filing, the order involves the supply of 12,883 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) of capacities 3 HP, 5 HP and 7.5 HP across the state of Maharashtra. The pumps will be supplied under the Magel Tyala Saur Krushi Pump Yojana / PM-KUSUM B scheme.

The total value of the order stands at approximately Rs 356.77 crore. The project is to be executed within 60 days from the issuance of the work order or notice to proceed (NTP).

The company further clarified that neither its promoters nor members of the promoter group have any interest in the awarding authority. It added that the transaction does not qualify as a related-party transaction under applicable regulatory norms.

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