Shakti Pumps (India) zooms on getting advance worth $6 million from EXIM bank
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Shakti Pumps (India) is currently trading at Rs. 519.10, up by 34.40 points or 7.10% from its previous closing of Rs. 484.70 on the BSE.
The scrip opened at Rs. 490.00 and has touched a high and low of Rs. 526.00 and Rs. 490.00 respectively. So far 12199 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 833.25 on 19-Oct-2021 and a 52 week low of Rs. 415.10 on 12-May-2022.
Last one week high and low of the scrip stood at Rs. 538.60 and Rs. 480.20 respectively. The current market cap of the company is Rs. 953.84 crore.
The promoters holding in the company stood at 54.82%, while Institutions and Non-Institutions held 0.33% and 44.85% respectively.
Shakti Pumps (India) has received advance worth $6 million from Export?Import Bank of India (EXIM bank) on behalf of the Government of Uganda represented by the Ministry of Water and Environment for supplying solar?powered water pumping system. The company will begin the project execution from October 2022. The company was awarded a contract in the month of March 2021 from the Government of Uganda for supply of solar powered water pumping systems at a contract price of $35.30 million exclusive of VAT.
Shakti Pumps (India) is a specialist in the manufacture of a broad range of submersible pumps and motors for a variety of applications.
