Hot Pursuit News Details

Shakti Pumps jumps 1.49%, securing Rs 112.18 crore contract from Maharashtra Electricity Distribution Company

(06-Oct-26   13:01)

Shakti Pumps (India) Ltd. is currently trading at Rs 450.0, up 1.49%, while the stock has fallen 1.75% over the last week.

Shakti Pumps (India) Limited has received a Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited for the design, manufacture, supply, and installation of 4,755 Off-Grid Solar Photovoltaic Water Pumping Systems (SPWPS) across Maharashtra under the Magel Tyala Saur Krushi Pump Yojana, with a total contract value of Rs 112.18 Crores (inclusive of GST) to be executed within 60 days from the issuance of the work order.

Trading volume reached 4.64 lakh shares today, a surge of 76.15% compared to the average volume over the last one week. Shakti Pumps (India) Ltd. experienced a sharp decline of 44.89% year-over-year, underperforming the 10.06% loss registered by the NIFTY50 index.