Third solar pump tranche booked for Rs 86.40 crore
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 1.0 pts more than Nifty Microcap 250 and 1.1 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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Under a Maharashtra government supplier programme for 34,720 solar pump systems, farmers fully selected a third tranche of 3,127 systems worth Rs 86.40 crore including GST. Across three tranches, 25,578 systems were selected, worth Rs 702.69 crore including GST, under the PM-KUSUM scheme.
Positive: Rs 702.69 crore of bookings improves revenue visibility, though delivery timing and profit margins remain important.