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Shakti Pumps (India) Limited ( (IN:SHAKTIPUMP) ) has shared an update.
Shakti Pumps (India) Limited has secured empanelment from Maharashtra State Electricity Distribution Company Limited to supply 6,580 off-grid solar photovoltaic water pumping systems of 3 HP, 5 HP and 7.5 HP across Maharashtra under the Magel Tyala Saur Krushi Pump Yojana. The contract, valued at about Rs. 155.24 crore including GST, covers design, manufacture, supply, transport, installation, testing and commissioning, and is to be executed within 60 days of the work order, strengthening Shakti Pumps’ position in India’s solar irrigation segment and reinforcing its role in state-led renewable agriculture initiatives.
More about Shakti Pumps (India) Limited
Shakti Pumps (India) Limited operates in the pumping and solar water solutions industry, focusing on the design, manufacture and supply of solar photovoltaic water pumping systems and related pumping equipment. The company serves agricultural and rural markets across India, with a growing emphasis on off-grid, solar-powered irrigation solutions supported by state-backed schemes.
Average Trading Volume: 86,915
Technical Sentiment Signal: Buy
Current Market Cap: 69.25B INR
Find detailed analytics on SHAKTIPUMP stock on TipRanks’ Stock Analysis page.