Shakti Pump Share Price Surges After Securing ₹73 Crore Order 📈💰
Shakti Pumps India Limited has received a massive order worth ₹73 crore for the supply of pumps. The company’s shares are currently stuck in an upper circuit. The Haryana Renewable Energy Department has issued an order to Shakti Pumps for the supply of pumps worth ₹73 crore under the KUSUM-3 scheme.
Shakti Pumps’ shares were trading at ₹1,218.75 on Thursday, marking a 5.00% increase. The share price further rose by 4.86% on Friday, reaching ₹1,278. The company’s shares were trading at ₹1,162.45 on Wednesday.
The Haryana Renewable Energy Department has tasked Shakti Pumps with supplying 2130 pumps for solar water pumping systems. The company has been given 120 days to fulfill the order, valued at ₹73.32 crore. In January 2024, Shakti Pumps raised ₹200 crore through institutional placement.
Over the past year, Shakti Pumps’ shares have provided investors with a 180% return. The share price has surged from ₹415.75 on March 13, 2023, to ₹1,162.45 on March 13, 2024. The share price has increased by 47% in the last six months, reaching ₹1,162.45.
The 52-week high for Shakti Pumps’ shares was ₹1,599.50, while the low was ₹388.70.
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