Shares of Shakti Pumps Ltd rallied greater than 4% on Thursday, 12 June, following a Rs 114 crore order from the Maharashtra authorities.
In an change submitting, the corporate acknowledged that it had obtained a Letter of Award (LoA) from the Maharashtra Vitality Division Company (MEDA) for 4,500 Off-grid Photo voltaic Photovoltaic Water Pumping Methods (SPWPS) at varied places all through Maharashtra beneath MNRE Part-B of the PM-KUSUM scheme.
The Maharashtra Vitality Division Company’s challenge consists of the design, manufacture, provide, transportation, set up, testing, and commissioning of Photo voltaic Photovoltaic Water Pumping Methods.
The order is more likely to be executed inside 90 days of its subject.
The Maharashtra Vitality Division Company has positioned its second order with the corporate. In April 2025, the corporate obtained a Rs 12.42 crore order to put in 445 off-grid photo voltaic photovoltaic water pumping techniques throughout Maharashtra.
Earlier in March, the enterprise acknowledged that its wholly owned subsidiary, Shakti Vitality Options Ltd, had bought 113 acres of property in Madhya Pradesh for photo voltaic cell PV module manufacturing.
In This autumn, the Indore-based firm’s revenue elevated by 23% to Rs 110.23 crore. The corporate’s total revenues rose to Rs 669.76 crore from Rs 610.13 crore in the identical interval final yr.
Shakti Pumps’ shares are up 4.6% to Rs 1,008.9 following the order win. The inventory has climbed 18% prior to now month.
At 3:30 pm, the shares of Shakti Pumps closed 2.92% larger at Rs 993 on NSE.
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