Shakti Pumps (India) gains on bagging order worth Rs 149.71 crore
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Shakti Pumps (India) is currently trading at Rs. 930.05, up by 13.30 points or 1.45% from its previous closing of Rs. 916.75 on the BSE.
The scrip opened at Rs. 927.95 and has touched a high and low of Rs. 938.00 and Rs. 910.70 respectively. So far 27142 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 963.00 on 06-Oct-2023 and a 52 week low of Rs. 380.15 on 26-Dec-2022.
Last one week high and low of the scrip stood at Rs. 963.00 and Rs. 843.85 respectively. The current market cap of the company is Rs. 1718.45 crore.
The promoters holding in the company stood at 56.22%, while Institutions and Non-Institutions held 0.54% and 43.23% respectively.
Shakti Pumps (India) has received inaugural commercial order under the PM?KUSUM scheme Component?C from Ajmer Viduyt Vitran Nigam for the total worth of Rs 149.71 crore. This significant achievement underscores India's commitment to harnessing solar energy and fostering sustainable agricultural practices creating Aatmnirbhar Bharat.
The project involves replacing inefficient electric pump sets with BLDC Solar Pump sets, where the Pump set will run on Power Generated via Solar & surplus electricity can be sent to Grid. This benefits farmers across India by enhancing irrigation capabilities, reducing reliance on traditional energy, and providing the opportunity to earn from surplus power sales to Discoms.
Shakti Pumps (India) is a specialist in the manufacture of a broad range of submersible pumps and motors for a variety of applications.
.jpg)
