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Shakti Pumps (India) Limited ( (IN:SHAKTIPUMP) ) just unveiled an update.
Shakti Pumps (India) Limited has secured a new Letter of Empanelment/Award from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for 12,883 solar photovoltaic water pumping systems under the Magel Tyala Saur Krushi Pump Yojana / PM KUSUM B scheme, valued at Rs. 356.77 crore. This latest award takes the company’s total new order inflows to nearly Rs. 900 crore in the past 15 days, including a previous MSEDCL order for 16,025 solar pumps worth Rs. 443.78 crore and additional orders from Madhya Pradesh, Jharkhand and other states, highlighting robust demand visibility and a strong order pipeline. Shakti’s execution capabilities have been underscored by its leading contribution to Maharashtra’s Guinness World Record-setting rollout of solar water pumps, and management says the enlarged order book and multi-state tender participation provide clear revenue visibility, reinforce its leadership in solar irrigation solutions and support expectations of strong operational and shareholder value performance.
More about Shakti Pumps (India) Limited
Shakti Pumps (India) Limited is a leading Indian manufacturer of energy-efficient pumps and motors, with a strong presence in solar photovoltaic water pumping systems used primarily for agricultural irrigation. The company has established itself as a key player in the solar pumps industry, supplying to state power utilities and leveraging government schemes to expand its footprint across multiple states.
Average Trading Volume: 282,330
Technical Sentiment Signal: Buy
Current Market Cap: 89.27B INR
See more insights into SHAKTIPUMP stock on TipRanks’ Stock Analysis page.