Share of Shakti Pumps (India) Ltd rallied 6% on 15 September after the corporate introduced securing an order value Rs 347 crore from MSEDC for the availability of photo voltaic water pumps.
The corporate will present and assemble 34,720 OffGrid DC Photo voltaic Photovoltaic Water Pumping Methods (SPWPS) as a part of the Maharashtra State Electrical energy Distribution Co.’s Magel Tyala Saur Krushi Pump Yojana / PM KUSUM B program.
Earlier, on 27 August, MSEDCL opened its portal for the primary tranche of 10,000 SPWPS, which had been absolutely booked at a complete price of about Rs 268.88 crore (together with GST). In a second part, farmers picked 12,451 SPWPS value roughly Rs 347.41 crore (together with GST).
In August, the enterprise secured a Letter of Empanelment from MSEDCL for 34,720 standalone SPWPS pumps costing round Rs 1037 crores for the entire state of Maharashtra.
The Letter of Empanelment is legitimate for one yr, and the set up have to be completed inside 60 days of the issuance of the NTP / work order.
At 2:02 pm, the shares of Shakti Pumps had been buying and selling 3.59% greater at Rs 887.40 on NSE.
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