Ksb Limited has informed the Exchange about the receipt of award under PM Kusum Scheme.
KSB · price
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On the reaction day the stock moved 1.5 pts more than Nifty Microcap 250 and 2.1 pts more than its Compressors Pumps & Diesel Engines peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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KSB Limited has received a letter of award worth around INR 25.34 Crores under Component B of the PM-Kusum Scheme. The order is for 1161 off-grid solar water pumping systems and has been placed by the New & Renewable Energy Department of Haryana along with HAREDA. The scope covers design, manufacture, supply, transport, installation, testing, and commissioning of the systems. Delivery and execution are scheduled to begin from the second quarter of FY 2025, with payment to be made after installation. The order is from a domestic government entity, and there is no promoter or related party interest involved.
This is a positive but relatively modest addition to KSB's order book, supporting its presence in the solar pumping segment under a flagship government scheme. For shareholders, the order reinforces business visibility for Q2 FY2025 onwards, though the value is small relative to the company's overall scale and is unlikely to move the stock meaningfully on its own.