Shakti Pumps soars on bagging LoA worth Rs 654.03 crore
Shakti Pumps (India) is currently trading at Rs. 724.25, up by 38.60 points or 5.63% from its previous closing of Rs. 685.65 on the BSE.
The scrip opened at Rs. 720.25 and has touched a high and low of Rs. 728.80 and Rs. 705.00 respectively. So far 206849 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1342.65 on 10-Jan-2025 and a 52 week low of Rs. 549.00 on 10-Dec-2025.
Last one week high and low of the scrip stood at Rs. 758.00 and Rs. 681.70 respectively. The current market cap of the company is Rs. 8745.21 crore.
The promoters holding in the company stood at 50.34 % while Institutions and Non-Institutions held 11.64 % and 38.02 % respectively.
Shakti Pumps (India) has received first letter of award (LoA) worth Rs 654.03 crore (inclusive of GST) from Karnataka Renewable Energy Development. The LoA is for 16780 standalone Off?Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) pumps for the entire state of Karnataka under Component?B of PM?KUSUM scheme. The order is to be executed by March 31, 2026.
Shakti Pumps (India) is a specialist in the manufacture of a broad range of submersible pumps and motors for a variety of applications.
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