Latest news with #ShaktiPumpsIndia
Business Standard
a day ago
- Business
- Business Standard
Shakti Pumps India launches QIP with floor price of Rs 965.96/share
Shakti Pumps India informed that its board has approved the opening of the issue of qualified institutional placement (QIP) of equity shares with the floor price of Rs 965.96 per equity share. The company's board authorized and declared the opening of the issue on Wednesday, 1 July 2025. The floor price of Rs 965.96 is at a premium of 2.32% to the scrips previous closing price of Rs 944.05 on the BSE. The company may offer a discount of not more than 5% on the floor price so calculated for the issue. The issue price will be determined in consultation with the book running lead managers appointed for the issue. 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. The scrip rose 0.06% to currently trade at Rs 944.60 on the BSE.
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.
