Latest news with #MaharashtraEnergyDepartmentAgency
Mint
12-06-2025
- Business
- Mint
Shakti Pumps share price jumps 4% after receipt of ₹115 crore order from Maharashtra Energy Department
Stock Market Today: Shakti Pumps share price gained 4% during the intraday trades on Thursday after it announced the receipt of ₹ 115 crore order from Maharashtra Energy Department . Shakti Pumps (India) Limited informed the investors through its filings on the exchanges on Thursday 12 June 2025 about the order book update. The Shakti Pumps intimated the National Stock Exchange of India Ltd and the BSE or the Bombay Stock Exchange of India having received a Letter of Award from Maharashtra Energy Department Agency (MEDA). The scope of order received by Shakti Pumps or Letter of Award from Maharashtra Energy Department Agency is for 4500 Off-grid Solar Photovoltaic Water Pumping System (SPWPS). The scope of work includes Design, Manufacture, Supply, transport of the Solar Photovoltaic Water Pumping System. The Solar Photovoltaic Water Pumping System are to be installed at various locations across the State of Maharashtra. These SPWPS installed by Shakti Pumps will be under MNRE Component-B of PM-KUSUM scheme. The works or the project has to be completed by Shakti Pumps within 90 days from the date of issuance of work order. The total amount of the work order is for around Rs. 114.58 Crores (inclusive of GST). Shakti Pumps share price opened at ₹ 973.70 on the BSE on Thursday. The Shakti Pumps share price at the time of opening was up close to 10% over the previous days closing price of ₹ 965.45 . Shakti Pumps share price there after continued to rise and post the announcement of work order receipt touched intraday highs of ₹ 1010 , which translated into gains of 4.6% during the intraday trades for Shakti Pumps share price. This was despite weakness in the Stock market and on the day when Sensex was down more than 0.45%.
Mint
12-06-2025
- Business
- Mint
Shakti Pumps share price jumps 4% after receipt of ₹115 crore order from Maharashtra Energy Department
Stock Market Today: Shakti Pumps share price gained 4% during the intraday trades on Thursday after it announced the receipt of ₹ 115 crore order from Maharashtra Energy Department . Shakti Pumps (India) Limited informed the investors through its filings on the exchanges on Thursday 12 June 2025 about the order book update. The Shakti Pumps intimated the National Stock Exchange of India Ltd and the BSE or the Bombay Stock Exchange of India having received a Letter of Award from Maharashtra Energy Department Agency (MEDA). The scope of order received by Shakti Pumps or Letter of Award from Maharashtra Energy Department Agency is for 4500 Off-grid Solar Photovoltaic Water Pumping System (SPWPS). The scope of work includes Design, Manufacture, Supply, transport of the Solar Photovoltaic Water Pumping System. The Solar Photovoltaic Water Pumping System are to be installed at various locations across the State of Maharashtra. These SPWPS installed by Shakti Pumps and will be under MNRE Component-B of PM-KUSUM scheme. The works or the project has to be completed by Shakti Pumps within 90 days from the date of issuance of work order. The total amount of the work order is for around Rs. 114.58 Crores (inclusive of GST). Shakti Pumps share price opened at ₹ 973.70 on the BSE on Thursday. The Shakti Pumps share price at the time of opening was up close to 10% over the previous days closing price of ₹ 965.45 . Shakti Pumps share price there after continued to rise and post the announcement of work order receipt touched intraday highs of ₹ 1010 , which translated into gains of 4.6% during the intraday trades for Shakti Pumps share price. This was des[pite weakness in the Stock market and on teh dayw hen Sensex was down more than 0.45% Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
12-06-2025
- Business
- Business Standard
Shakti Pumps gains after bagging Rs 115 cr order from MEDA
Shakti Pumps India advanced 3.48% to Rs 999 after the company announced that it has received a letter of award (LoA) worth Rs 114.58 crore from the Maharashtra Energy Department Agency (MEDA). The order involves the supply, installation, testing, and commissioning of 4500 off-grid solar photovoltaic water pumping systems (SPWPS) at various locations across the state of Maharashtra. This project falls under Component-B of the PM-KUSUM scheme. The total value of the work order is approximately Rs 114.58 crore and the project is expected to be executed within 90 days from the date of issue of the work order. The company also clarified that the contract does not involve any related party transactions and confirmed that neither the promoter, promoter group, nor any group companies have any interest in the awarding entity. Shakti Pumps (India) is engaged in the manufacturing of pumps, motors, & their spare parts. The core products of the company are engineered pumps, industrial pumps, solar pumps, etc. The companys consolidated net profit jumped 22.9% to Rs 110.23 crore in Q4 FY25 as against Rs 89.67 crore posted in Q4 FY24. Revenue from operations rose 9.2% YoY to Rs 665.32 crore in the quarter ended 31 March 2025.
Economic Times
12-06-2025
- Business
- Economic Times
Shakti Pumps shares surge 5% on bagging Rs 114 cr work order from Maharashtra Energy Department Agency
Live Events Shakti Pumps share price performance (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Shares of Shakti Pumps (India) surged 4.6% to hit an intraday high of Rs 1,010 on the BSE on Thursday, following the announcement of a major order worth Rs 114.58 crore (inclusive of GST) from the Maharashtra Energy Department Agency MEDA ).The company has received a Letter of Award from MEDA for the supply and installation of 4,500 off-grid Solar Photovoltaic Water Pumping Systems (SPWPS) under Component-B of the PM-KUSUM scheme . The systems will be deployed across various locations in Maharashtra.'Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 read with Schedule III thereof, we would like to inform you that the Shakti Pumps (India) Limited has received Letter of Award from Maharashtra Energy Department Agency (MEDA) for 4500 Off-grid Solar Photovoltaic Water Pumping System (SPWPS) at various locations across the State of Maharashtra under MNRE Component-B of PM-KUSUM scheme. The total amount of the work order is for around Rs. 114.58 Crores (inclusive of GST),' the company informed via a regulatory to the exchange filing, the scope of the contract includes design, manufacture, supply, transport, installation, testing, and commissioning, with execution scheduled to be completed within 90 days from the date of issuance of the work the past one year, the stock has surged 132.01%, while the year-to-date (YTD) return shows a decline of 10.10%. In the last 6 months, the stock has gained 18.94%, whereas over the 3-month period, it has risen by 11.48%. For the most recent month, the stock recorded a gain of 17.76%.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Business Standard
12-06-2025
- Business
- Business Standard
Shakti Pumps wins work order of Rs 114 cr from MEDA
Shakti Pumps (India) has received Letter of Award from Maharashtra Energy Department Agency (MEDA) for 4500 Off-grid Solar Photovoltaic Water Pumping System (SPWPS) at various locations across the State of Maharashtra under MNRE Component-B of PM-KUSUM scheme. The total amount of the work order is for around Rs. 114.58 crore (inclusive of GST).
