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Ravindra Energy bags Rs 565.96 cr contract from Maharashtra State Electricity Distribution Company

Capital Market 

For Off-Grid DC Solar Photovoltaic Water Pumping Systems

Ravindra Energy announced that the Office of the Chief Engineer, Maharashtra State Electricity Distribution Company, Mumbai, Mahavitaran, vide its Letter of Empanelment (LOE) dated 18 September 2019 has awarded the 'Empanelment and Rate Contract', covering inter-alia Design, Manufacture, Supply, Transport, Installation, Testing and Commissioning of Off-Grid DC Solar Photovoltaic Water Pumping Systems at the project sites of identified farmers in the State of Maharashtra with comprehensive maintenance contract for 5 years on a single point responsibility, 'Turnkey Contract' under the Mukhyamantri Sour Krishi Pump Yojna Scheme for a quantity of 30,600 pumps.

Accordingly, the total amount of revenue that would be generated from the above projects aggregates to Rs. 565.98 crore. However the quantity & value indicated above are tentative and liable to change as per site conditions and consumer requirement.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Sat, September 21 2019. 12:54 IST