Shakti Pumps wins Rs 356.77 Cr MSEDCL solar pump order under PM KUSUM B
SHAKTIPUMP · price
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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.
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Shakti Pumps received a Letter of Award from Maharashtra State Electricity Distribution Company Limited for 12,883 solar water pumping systems worth Rs 356.77 Crores under the PM KUSUM B Scheme. This is part of about Rs 900 Crores in new orders secured over the past 15 days from Maharashtra, Madhya Pradesh, and Jharkhand.
Large government order boosts order book and revenue visibility; signals strong demand momentum in solar pump segment.