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Solar pump stock jumps 3.5% after receiving order for 445 solar water pumping system

Solar pump stock secures ₹12.42 crore order under PM-KUSUM to install 445 solar pumps across Maharashtra, boosting its footprint in renewable-powered irrigation solutions.
Solar pump stock jumps 3.5% after receiving order for 445 solar water pumping system
Solar pump stock jumps 3.5% after receiving order for 445 solar water pumping system

Introduction:

A leading solar pump stock has won a ₹12.42 crore contract from Maharashtra’s Energy Department under the PM-KUSUM scheme to install 445 off-grid solar pumping systems, reinforcing its position in renewable-powered irrigation solutions across the state’s agricultural regions.

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Share Price movement of Shakti Pumps (India):

On April 3, 2025, Shakti Pumps (India) Limited opened at ₹940.00, reaching a high of ₹1,011.00, up 3.5% from the previous close of ₹969.00, and a low of ₹940.00. The stock is currently trading at ₹997.00, with a market cap of ₹11,985.00 Crores.

Shakti Pumps (India) received new order:

Shakti Pumps (India) Limited has secured a Letter of Award from Maharashtra Energy Department Agency (MEDA) under the PM-KUSUM scheme. The order involves 445 off-grid solar photovoltaic water pumping systems across Maharashtra, amounting to ₹12.42 crore, including GST.

The contract includes design, manufacturing, supply, transport, installation, testing, and commissioning. The entire project must be completed within 120 days from the issuance of the work order, supporting solar adoption in the agriculture sector.

The work order is a domestic contract under Component-B of PM-KUSUM. It does not involve any related-party transactions, and there is no promoter group interest in the awarding authority, ensuring complete transparency in execution.

Also Read: Power stock jumps 6% after receiving order worth ₹38.2 Cr from NTPC

Ace investor holding of Shakti Pumps (India):

Ramesh Chimanlal Shah holds 30,30,229 shares of Shakti Pumps (India) Ltd. At the current stock price of ₹990.00, his holding is valued at approximately ₹300 Crores. This significant stake reflects long-term conviction in India’s renewable irrigation space.

Snehal Bhupendra Shah owns 22,34,832 shares of Shakti Pumps (India) Ltd. At the prevailing price of ₹990.00 per share, the holding is worth ₹221.2 Crores. The sizable investment indicates strategic confidence in solar-powered water pump demand across India.

Stock performance of Shakti Pumps (India) for Period of 1 week, 6 months and 1 year:

Over the past week, Shakti Pumps (India) stock saw a slight decline of 1.29%. However, it gained 27.9% over six months and delivered a remarkable 290% return in one year, reflecting strong investor confidence and growth in the renewable energy segment.

Also Read: Stock hits 5% upper circuit after receiving registration certificate for producer of waste and used battery

Shareholding pattern of Shakti Pumps (India):

All values in %Dec-24Sep-24Jun-24
Promoters51.5851.5851.58
FII3.163.362.32
DII5.276.796.85
Retail & others39.9938.2739.25
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About Shakti Pumps (India):

Shakti Pumps (India) Ltd (NSE: SHAKTIPUMP) is a leading manufacturer of energy-efficient solar and submersible pumps, serving agricultural and industrial markets. The company specializes in advanced pumping solutions, supporting renewable energy adoption and sustainable irrigation systems across domestic and international markets.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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