Shakti Pumps bags Rs. 444 Cr solar pump order from Maharashtra discom
SHAKTIPUMP · price
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On the reaction day the stock moved 12.1 pts more than Nifty Microcap 250 and 11.8 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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Shakti Pumps received Letter of Empanelment from MSEDCL for 16,025 off-grid DC solar water pumping systems of 3HP, 5HP and 7.5HP across Maharashtra under PM Kusum B Scheme and Magel Tyala Saur Krushi Pump Yojana. Total order value is Rs. 443.78 Crores inclusive of GST, to be executed within 60 days of work order issuance.
Major government scheme order lifts revenue visibility. Tight 60-day execution can drive near-term earnings.