Shakti Pumps bags Rs 356.77 Cr solar pump order from Maharashtra discom
SHAKTIPUMP · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.4 pts more than Nifty Microcap 250 and 2.9 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.
Minute windows have no benchmark: there is no intraday index history to compare against.
Shakti Pumps India received an award from Maharashtra State Electricity Distribution Company for 12,883 off-grid DC solar water pumping systems under Magel Tyala Saur Krushi Pump Yojana/PM Kusum B scheme. Total value Rs 356.77 Crores inclusive of GST. Work includes design, manufacture, supply, installation, testing and commissioning. To be completed within 60 days from work order issuance.
Large government order worth Rs 356.77 Cr may boost near-term revenue and order book; positive for stock sentiment.