KSB Wins ₹14 Crore Solar Pump Order in Tripura
KSB Limited, a leading manufacturer of pumps and valves, has secured a significant order under the Prime Minister’s Kisan Urja Yojana (PM-KUSUM) Scheme Component B from the Tripura Renewable Energy Development Agency (TREDA). The order is worth ₹14 crore and involves the supply of 962 solar water pumps to the state of Tripura.
This milestone order is a testament to KSB’s commitment to sustainable energy solutions and its ability to deliver high-quality products to the Indian market. The company’s debt-free status and promoter independence in this transaction further underscore its financial stability and credibility.
The PM-KUSUM Scheme: A Boost to Renewable Energy
Launched by the Government of India in 2019, the PM-KUSUM Scheme aims to promote the adoption of solar pumps in the agriculture sector. The scheme has been designed to promote the use of solar energy in farming, reducing the country’s dependence on fossil fuels and mitigating the environmental impact of agriculture.
Component B of the PM-KUSUM Scheme focuses on the installation of solar-powered irrigation pumps in the country. The scheme provides financial assistance to farmers and agricultural cooperatives to purchase and install solar pumps, which are designed to reduce energy costs and promote sustainable farming practices.
KSB’s Role in the PM-KUSUM Scheme
KSB’s order from TREDA is a significant step forward in the company’s efforts to promote sustainable energy solutions in the Indian market. The order covers the design, manufacture, and commissioning of 962 solar water pumps, which will be delivered in the second quarter of FY25.
The payment for the order will be made post-installation, ensuring that KSB receives payment only after the solar pumps have been successfully installed and commissioned. This arrangement provides an added layer of security for both KSB and TREDA, ensuring that the project is completed to the satisfaction of all stakeholders.
Key Features of the Order
The order from TREDA features several key elements that highlight KSB’s commitment to quality and customer satisfaction:
- Design to Commissioning: KSB will be responsible for the design, manufacture, and commissioning of the solar water pumps, ensuring that the products meet the highest standards of quality and performance.
- No Promoter or Related-Party Involvement: The transaction is transparent and free from any promoter or related-party involvement, ensuring that KSB’s financial stability and credibility are not compromised.
- Post-Installation Payment: The payment for the order will be made post-installation, providing an added layer of security for both KSB and TREDA.
Conclusion
KSB’s ₹14 crore order from TREDA for 962 solar water pumps under the PM-KUSUM Scheme Component B is a significant milestone in the company’s efforts to promote sustainable energy solutions in the Indian market. The order highlights KSB’s commitment to quality, customer satisfaction, and financial stability, making it an attractive partner for customers seeking reliable and sustainable energy solutions.
As the Indian economy continues to grow and urbanization increases, the demand for sustainable energy solutions is likely to surge. KSB’s order from TREDA is a testament to the company’s ability to adapt to changing market conditions and its commitment to promoting sustainable energy solutions in the Indian market.
