Shakti Pumps soars on tying up with ReNew Photovoltaic for supply of DCR cell based Solar Module
Shakti Pumps (India) is currently trading at Rs. 932.90, up by 18.05 points or 1.97% from its previous closing of Rs. 914.85 on the BSE.
The scrip opened at Rs. 895.95 and has touched a high and low of Rs. 938.90 and Rs. 869.15 respectively. So far 85252 shares were traded on the counter.
The BSE group 'T' 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. 187.21 on 14-Mar-2024.
Last one week high and low of the scrip stood at Rs. 1084.70 and Rs. 869.15 respectively. The current market cap of the company is Rs. 10999.27 crore.
The promoters holding in the company stood at 51.58%, while Institutions and Non-Institutions held 8.43% and 39.99% respectively.
Shakti Pumps (India) has tied up with ReNew Photovoltaic for an additional supply of DCR cell based Solar Module. The order is valued at Rs 1300 crore. This new partnership is expected to further accelerate the company's growth momentum.
The company has an existing partnership with Mundra Solar PV (a Adani group company) and Premier Energies for the supply of DCR cell based Solar Module. These enhanced tie-ups reinforce the company’s commitment to driving growth and maintaining its leadership position.
Shakti Pumps (India) is a pioneer in manufacturing of energy-efficient pumps and motors since 1982.
