Shakti Pumps touches roof on getting letter of empanelment to supply 25000 SPWPS pumps in Maharashtra
Shakti Pumps (India) is currently trading at upper limit of Rs. 844.50, up by 40.20 points or 5.00% from its previous closing of Rs. 804.30 on the BSE.
The scrip opened at Rs. 844.50 and has touched a high and low of Rs. 844.50 and Rs. 844.50 respectively. So far 20134 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 901.00 on 27-Nov-2024 and a 52 week low of Rs. 155.17 on 21-Dec-2023.
Last one week high and low of the scrip stood at Rs. 844.50 and Rs. 751.05 respectively. The current market cap of the company is Rs. 10151.79 crore.
The promoters holding in the company stood at 51.58%, while Institutions and Non-Institutions held 10.13% and 38.28% respectively.
Shakti Pumps (India) has received a letter of empanelment from Maharashtra State Electricity Distribution Company for 25000 Stand-alone Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) pumps for the entire state of Maharashtra under Magel Tyala Saur Krushi Pump Scheme. The total value of the 25000 pumps is around Rs 754.30 crore (inclusive of GST) which is to be executed within 60 days from the 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.
