CRI Pumps, a leading provider of fluid management solutions, has secured orders worth Rs 754 crore from the Maharashtra State Electricity Distribution Co. in Mumbai.
The order is for the supply of 25,000 solar pumping systems under the Magel Tyala Saur Krushi Pump scheme, the company said on Tuesday.
Launched by the Maharashtra government, the scheme enables farmers to install solar panels and agricultural pumps with minimal upfront costs of 10% of the total cost for general category farmers and 5% for farmers from Scheduled Castes and Scheduled Tribes. The remaining expenses are covered through subsidies from the central and state governments.
CRI Pumps has already contributed to the installation of over 1.7 lakh solar pumping systems and Internet-of-Things enabled smart pumps, according to a company statement.
"We are privileged to be chosen by Maharashtra State Electricity Distribution Company Ltd to supply these solar pumping systems. This substantial order highlights CRI's unwavering commitment to innovation and excellence in developing reliable, energy-efficient, sustainable pumping solutions," said CRI Group Chairperson G Soundararajan.
"With our robust execution capabilities, deep industry expertise, and extensive network across regions, CRI Pumps ensure seamless delivery and installation of these systems," he added.
(With Inputs From PTI)
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