Story thread · 2 reports / 2 sources

Shakti Pumps shares surge 12% on Rs 236 crore Maharashtra solar pump order

economictimes.indiatimes.com · 5dShare

Shakti Pumps (India) Ltd shares surged 11.71% to Rs 522.55 during Thursday’s trading session after the company secured a major order from Maharashtra State Electricity Distribution Company Limited (MSEDCL).The company received a Letter of Empanelment for the supply of 10,000 off-grid Solar Photovoltaic Water Pumping Systems (SPWPS) under the Magel Tyala Saur Krushi Pump Yojana across Maharashtra.The order covers solar water pumps with capacities of 3 HP, 5 HP and 7.5 HP, with the total contract value pegged at Rs 216.64 crore, excluding GST, and approximately Rs 235.92 crore including GST.Under the contract, Shakti Pumps will be responsible for the design, manufacture, supply, transportation, installation, testing and commissioning of the solar-powered pumping systems.The order must be executed within 60 days from the issuance of the Work Order or Notice to Proceed (NTP), making timely execution a key focus for the company.The company clarified that a domestic entity was awarded the or

First report: Shakti Pumps shares jump 12% after Rs 236 crore Maharashtra solar pump empanelment — businesstoday.in, 5d