Shakti Pumps shares jump 11% on order worth Rs 293 crore
Shares of Shakti Pumps Ltd jumped 11% on September 15 after the company received a letter of award worth Rs 293 crore from the Department of Agriculture, Uttar Pradesh for the supply, installation, and commissioning of solar water pumping systems.
The order is to be executed within a 90-day timeframe.
Shakti Pumps (India) Ltd is primarily engaged in manufacturing of pumps and motors of various kinds. It also offers advanced water pumping solutions to a wide range of applications such as irrigation, horticulture, domestic water supply, commercial, and industrial applications.
The company’s shares have gained 22% in a month and 113% in the past six months.
The order from the Department of Agriculture, Uttar Pradesh is a major boost for Shakti Pumps and is likely to further boost the company’s growth prospects.
Here are some of the key takeaways from the article:
- Shares of Shakti Pumps Ltd jumped 11% on September 15 after the company received a letter of award worth Rs 293 crore from the Department of Agriculture, Uttar Pradesh for the supply, installation, and commissioning of solar water pumping systems.
- The order is to be executed within a 90-day timeframe.
- Shakti Pumps (India) Ltd is primarily engaged in manufacturing of pumps and motors of various kinds. It also offers advanced water pumping solutions to a wide range of applications such as irrigation, horticulture, domestic water supply, commercial, and industrial applications.
- The company’s shares have gained 22% in a month and 113% in the past six months.
- The order from the Department of Agriculture, Uttar Pradesh is a major boost for Shakti Pumps and is likely to further boost the company’s growth prospects.
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