Shakti Pumps India share price jumps 5% after receipt of order worth over ₹350 crore

Shakti Pumps India secured an order worth about Rs 353.89 crore from Maharashtra State Electricity Distribution Company (MSEDCL) for setting up 15,000 off-grid solar photovoltaic water pumping systems across the state. The stock surged around 5% on NSE following the announcement, touching an intraday high of Rs 621.90. The project, under the Maharashtra government's Magel Tyala Saur Krushi Pump Yojana, is to be completed within 60 days from issuance of the work order.