Shakti Pumps (India) Ltd.SHAKTIPUMP₹992.10 +2.83%

Shares of Shakti Pumps (India) Ltd. surged after the company announced an order win worth ₹114.58 crore (inclusive of GST) from the Maharashtra Energy Department Agency (MEDA). The stock reached an intraday high of ₹1,009.75.

The domestic order involves the design, manufacture, supply, transport, installation, testing, and commissioning of energy-efficient pumps and related systems. The project is to be executed within 90 days from the date of the work order issuance, highlighting its strategic urgency and implementation focus.

Strong Boost to Core Business

This new win is aligned with Shakti Pumps’ focus on government-led clean energy and irrigation initiatives. The company has a long track record of executing large-scale solar and agricultural pumping projects, and this contract further strengthens its position in the rural electrification and water access space.

The contract comes at a time when several states are accelerating the deployment of energy-efficient pumping solutions under sustainability mandates and irrigation modernization programs.

Over the last three years, this stock has given exceptional multibagger returns of more than 1090%.

Let’s take a look at its Factor Analysis scores:

Note: The stock price mentioned is as of 3:30 PM.

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Registered office – 2, Floor 3, Wing A, Block A, Salarpuria Softzone, Service Road, Green Glen Layout, Bellandur, Bengaluru South, Bengaluru, Karnataka – 560103, INDIA.

CIN: U65990KA2021PTC146954.