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An update from Shakti Pumps (India) Limited ( (IN:SHAKTIPUMP) ) is now available.
Shakti Pumps (India) Limited has secured a work order from the Haryana Renewable Energy Department (HAREDA) to design, manufacture, supply, install, test and commission 792 Solar Water Pumping Systems across Haryana under Component-B of the PM-KUSUM scheme. The contract, valued at approximately Rs 23.54 crore inclusive of GST (Rs 21.62 crore excluding GST), is to be executed within 90 days and strengthens the company’s position in government-led solar irrigation initiatives while adding a sizable, time-bound order to its near-term revenue pipeline.
More about Shakti Pumps (India) Limited
Shakti Pumps (India) Limited operates in the renewable and agricultural equipment sector, specializing in the design, manufacture, supply, installation, testing and commissioning of solar water pumping systems. The company focuses on solar-powered irrigation and water management solutions, aligning with government-backed clean energy and rural development schemes in India.
Average Trading Volume: 298,739
Technical Sentiment Signal: Hold
Current Market Cap: 89.43B INR
See more insights into SHAKTIPUMP stock on TipRanks’ Stock Analysis page.