09-12-2024 11:00 AM | Source: Accord Fintech
Roto Pumps shines as its arm secures over 400 global, domestic orders for Solar Pumping Solutions Systems

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Roto Pumps is currently trading at Rs. 309.35, up by 27.20 points or 9.64% from its previous closing of Rs. 282.15 on the BSE.

The scrip opened at Rs. 299.00 and has touched a high and low of Rs. 320.00 and Rs. 297.30 respectively. So far 70988 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 1 has touched a 52 week high of Rs. 374.33 on 03-Jul-2024 and a 52 week low of Rs. 150.23 on 13-Mar-2024.

Last one week high and low of the scrip stood at Rs. 320.00 and Rs. 253.05 respectively. The current market cap of the company is Rs. 1951.98 crore.

The promoters holding in the company stood at 66.63%, while Institutions and Non-Institutions held 0.16% and 33.21% respectively.

Roto Pumps’ subsidiary -- Roto Energy Systems has secured over 400 orders for its newly launched Solar Submersible Pumping Systems under the brand name ‘Roto Rudra’, reinforcing its position as a key player in sustainable water management globally. The orders span Australia, South Africa, and the Indian states of Chhattisgarh and Maharashtra, supporting agriculture, irrigation, and renewable energy initiatives.

In South Africa, the company will supply 100 units of advanced Helical Rotor and Centrifugal Pumps, equipped with 10-pole motor pump sets, controllers, and remote monitoring capabilities. These systems deliver exceptional efficiency, with one model pumping water from a 200-meter borewell using just 1500 Wp of solar power.

In Australia, Roto Rudra will provide 100 solar-powered pumping units for agriculture. The RSSH 1.2-C and RSSH 1.4-D models, operating at 1,000 Wp and 1,500 Wp, respectively, support irrigation, livestock, and gardening needs, with dynamic heads of up to 200 meters.

Roto Pumps is engaged in the manufacture of vital components and complete pumps used in the mining industry