Shakti Pumps India Ltd receives LoI for order worth Rs. 558.16 crores

Shakti Pumps (India) Limited has received Letter of Intent from the Department of Agriculture, Uttar Pradesh for 12,537 pumps for the entire state of Uttar Pradesh under Component-B of PM-KUSUM scheme (Phase-III). The total value of the work order is approximately Rs. 558.16 Crores (inclusive of GST) which is to be executed within 31st March 2025. The order is to be executed in a phased manner on the basis of quantities defined under the letters of proceed (once received).

Shares of Shakti Pumps (India) Limited was last trading in BSE at Rs. 4695.45 as compared to the previous close of Rs. 4471.90. The total number of shares traded during the day was 38899 in over 5097 trades.

The stock hit an intraday high of Rs. 4695.45 and intraday low of 4358.65. The net turnover during the day was Rs. 179614953.00.

Source : Equity Bulls

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