Shakti Pumps (India) soars on getting Letter of Empanelment from MSEDCL
Shakti Pumps (India) is currently trading at Rs. 873.00, up by 37.45 points or 4.48% from its previous closing of Rs. 835.55 on the BSE.
The scrip opened at Rs. 880.15 and has touched a high and low of Rs. 897.00 and Rs. 862.90 respectively. So far 28438 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1398.00 on 09-Jan-2025 and a 52 week low of Rs. 653.81 on 30-Sep-2024.
Last one week high and low of the scrip stood at Rs. 905.25 and Rs. 775.40 respectively. The current market cap of the company is Rs. 10310.52 crore.
The promoters holding in the company stood at 51.61%, while Institutions and Non-Institutions held 9.90% and 38.49% respectively.
Shakti Pumps (India) has received a Letter of Empanelment from Maharashtra State Electricity Distribution Company (MSEDCL) for 34,720 Standalone Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) pumps collectively worth around Rs 1037 crore (inclusive of GST) for the entire state of Maharashtra under Magel Tyala Saur Krushi Pump Yojana / PM KUSUM B.
The Letter of Empanelment is valid for up to one year and the installation is to be completed within 60 days from the date of issuance of NTP / work order.
Shakti Pumps (India) is a specialist in the manufacture of a broad range of submersible pumps and motors for a variety of applications.
