Announced Sat, 4 Jul · 14:53 IST
Shakti Pumps wins Rs 354 Crore solar pump order from Maharashtra discom
SHAKTIPUMP · price
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Price reaction · full curve 14 horizons · vs prior close
+3.3%1-day move
₹572.85
prior close
₹607.95
base price
After-mkt
timing
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AI summary
Shakti Pumps has received a Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited for 15,000 off-grid solar water pumping systems (3 HP, 5 HP, 7.5 HP) under the Magel Tyala Saur Krushi Pump Yojana. The order is valued at around Rs. 353.89 Crores inclusive of GST. Supply, installation and commissioning must be completed within 60 days from issuance of the work order, covering the entire state of Maharashtra.
Likely market impact
Large government order worth about Rs 354 Crores strengthens order book and near-term revenue. Tight 60-day execution timeline to watch.