Finally Good News for Shakti Pumps: As per ground check GST issue has finally been resolved and which is also evident from the fact that Haryana Government has also issued notification advising rates of Solar Pump under different category along with finalized list of beneficiaries (link attached).The total beneficiaries selected is 45,648 in the state of Haryana. The beneficiaries have been advised for deposit of applicant margin from 18/08/2023 till 22/08/2023. The beneficiaries have already made their online applications 2 to 3 months back and now online portal has been provided to selected beneficiaries for selection of Vendors and generation of Challan/payment of margin.
As per the notification following vendors have been shortlisted:
Alpex Solar Pvt Ltd.
Australian Premium Solar India Pvt Ltd
AVI Appliances Pvt. Ltd.
C.R.I. Pumps Private Limited
Crompton Greaves Consumer Electricals Ltd
Duke Plasto Technique Private Limited
Dynamech Electropower Private Limited
Ecozen Solutions Pvt Ltd
Ethos Power Private Limited
Everrenew Energy Private Limited
GK Energy Marketers Private Limited
Himalayan Solar Private Limited
Kosol Energie Pvt Ltd.
KSB Ltd.
Laxmi Agency
Mira Energy Resources Private Limited
Oneindig Technologies Private Limited
Oswal Pumps Limited
PCI Wires Pvt Ltd
Premier Energies Limited
PV Power Technologies Pvt Ltd
Rotomag Motors & Controls Pvt. Ltd
Shakti Pumps India Limited
Span Pumps Private Limited
Ultech Energies .
Shakti Pumps among them is the strongest with maximum integration of products for Solar Pump. Surprisingly biggest competitor Tata Solar is not in the vendor list and KSB ltd name is there.
The rates for all categories 5 HP and some categories of 3 HP & 7 HP is yet to be finalized and once the same is finalized additional list of beneficiaries will also be issued. As per ground information rates quoted for pending categories are higher in comparison to adjacent states and vendors have given their consent to work in the rates finalized for adjacents states like UP & Rajasthan.
Disclosure: Invested and added positions today.
HARYAN GOVERNMENT LIST AND NOTIFICATION.pdf (4.5 MB)
Maharashtra State Government has also finalised the list of beneficiaries. MEDA is the implementation agency in Maharashtra and they had inititated the application process around 2 to 3 months back
Beneficiary list has not been made publicly available , however district wise beneficiary list has been issued around 1 months back and I have verified the facts by calling Maharashtra Energy Development Agency (MEDA) office.
https://www.mahaurja.com/meda/data/other/Divisomnal%20office%20address%20and%20contact%20number.pdf.
We can hope that KUSUM revenue can start flowing in from Q3 onwards.