Introduction:
Leading renewable energy company has secured a strategic tie-up with ReNew Photovoltaic Private Limited for the supply of ₹1,300 crore worth of DCR cell-based solar modules. This partnership, alongside existing collaborations, strengthens its leadership in the solar module market.
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Share price movement of Shakti Pumps:
On February 3, 2025, Shakti Pumps (India) Ltd opened at ₹895.95, down 2.07% from its previous close of ₹914.85. The stock reached a high of ₹919.00 and a low of ₹869.15. By 10:58 AM, it traded at ₹913.00, a 0.20% decrease, with a market cap of ₹10,955.39 crore.
Shakti Pumps Secures ₹1,300 Cr Solar Tie-up:
Shakti Pumps (India) Ltd has announced a new tie-up with ReNew Photovoltaic Private Limited for the supply of Rs. 1,300 crore worth of DCR cell-based solar modules for FY 2025-26. This partnership adds to existing collaborations with Mundra Solar PV Ltd (Adani) and Premier Energies Ltd.
The strategic alliance is expected to accelerate Shakti Pumps’ growth momentum in the renewable energy sector. The company’s expanded supply agreements reinforce its commitment to maintaining leadership in the solar module market, further strengthening its industry presence.
Shakti Pumps (India) Ltd’s enhanced partnerships highlight its proactive approach to meeting growing demand for solar energy. With these developments, the company aims to drive sustainable growth and contribute to India’s clean energy objectives in the coming years.
Recent news on Shakti Pumps:
As of January 07, 2025, Shakti Pumps (India) Ltd announced approval for a Rs 400 crore fund raise through a qualified institutional placement. The company plans to use the funds for expansion, supported by a strong orderbook of Rs 1,800 crore.
Ace investor holding in Shakti Pumps:
Ramesh Chimanlal Shah
Ramesh Chimanlal Shah holds a 2.52% stake in Shakti Pumps (India) Ltd, with 3,030,229 shares valued at ₹276.3 crore. His investment reflects confidence in the company’s performance and growth prospects in the renewable energy sector.
Snehal Bhupendra Shah
Snehal Bhupendra Shah holds a 1.86% stake in Shakti Pumps (India) Ltd, with 2,234,832 shares valued at ₹203.8 crore. This investment demonstrates confidence in the company’s strong position within the renewable energy and solar pump sectors.
Stock performance of Shakti Pumps for Period of 1 week, 6 months and 1 year:
Shakti Pumps (India) Ltd has experienced a 16.6% decline in stock price over the past week. However, it has shown strong performance with a 17.5% increase over six months and an impressive 264% growth over the past year, indicating significant long-term gains.
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Shareholding pattern of Shakti Pumps:
| All values in % | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 51.60% | 51.60% | 51.60% |
| FII | 3.20% | 3.40% | 2.30% |
| DII | 5.30% | 6.80% | 6.90% |
| Public | 40.00% | 38.30% | 39.30% |
About Shakti Pumps:
Shakti Pumps (India) Ltd (NSE: SHAKTIPUMP) manufactures a wide range of pumps and motors, including submersible, solar, centrifugal, and wastewater pumps. Its “Shakti” brand is well-regarded in both domestic and international markets for providing advanced water pumping solutions.
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.
