Shakti Pumps share price jumps 12% on Rs.236 crore solar pump order
New Delhi, Sept. 10 -- Shakti Pumps share price jumped 12% on Thursday, 10 September, after the company secured a Rs.235.92 crore order from Maharashtra State Electricity Distribution Company Ltd (MSEDCL) for the supply of 10,000 solar pumps.
The company announced the order after market hours on Wednesday, triggering buying interest in the stock at Thursday's market open.
In an exchange filing, Shakti Pumps said it had received a Letter of Empanelment from MSEDCL for the supply of 10,000 off-grid Solar Photovoltaic Water Pumping Systems with capacities of 3 HP, 5 HP and 7.5 HP across Maharashtra. The order is part of the Magel Tyala Saur Krushi Pump Yojana.
The total order value is approximately Rs.235.92 crore, including GST. The comp...
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