Shakti Pumps India Ltd receives LoA from MSEDCL

Shakti Pumps (India) Limited has received a Letter of Empanelment/Award from Maharashtra State Electricity Distribution Company Limited for 12,883 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) pumps of 3 HP, 5 HP, 7.5 HP for the entire state of Maharashtra under Magel Tyala Saur Krushi Pump Yojana / PM Kusum B Scheme. The total value of the 12,883 pumps is around Rs. 356.77 Crores (inclusive of GST) which is to be executed within 60 days from the issuance of work order/NTP.

Shares of Shakti Pumps (India) Limited was last trading in BSE at Rs. 713.90 as compared to the previous close of Rs. 723.45. The total number of shares traded during the day was 133875 in over 3638 trades.

The stock hit an intraday high of Rs. 733.70 and intraday low of 708.20. The net turnover during the day was Rs. 96358980.00.

Source : Equity Bulls

Keywords

ShaktiPumpsIndia INE908D01010 LOA OrderWin MSEDCL