Shakti Pumps zooms on getting LoA worth Rs 93 crore from MEDA

Shakti Pumps is currently trading at Rs. 1280.00, up by 59.45 points or 4.87% from its previous closing of Rs. 1220.55 on the BSE.

Shakti Pumps
Shakti Pumps

The scrip opened at Rs. 1281.55 and has touched a high and low of Rs. 1281.55 and Rs. 1265.00 respectively. So far 7509 shares were traded on the counter.

The BSE group ‘T’ stock of face value Rs. 10 has touched a 52 week high of Rs. 1599.50 on 02-Feb-2024 and a 52 week low of Rs. 388.70 on 27-Mar-2023.

Last one week high and low of the scrip stood at Rs. 1300.00 and Rs. 1121.00 respectively. The current market cap of the company is Rs. 2355.51 crore.

The promoters holding in the company stood at 56.22%, while Institutions and Non-Institutions held 0.80% and 42.98% respectively.

Shakti Pumps (India) has received Letter of Award (LoA) from Maharashtra Energy Department Agency (MEDA) for 3,500 Solar Photovoltaic Water Pumping System (SPWPS) at various locations across the State of Maharashtra under Component‐B of PM‐KUSUM scheme. The total amount of the work order is for around Rs 93 crore (inclusive of GST).

Shakti Pumps (India) is a specialist in the manufacture of a broad range of submersible pumps and motors for a variety of applications.

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