HOME > MARKETS > MARKET COMMENTARY
  MARKET COMMENTARY
EQUITY
Shakti Pumps (India) rises on receiving LoE worth Rs 112.18 crore from MSEDCL
Oct-06-2026

Shakti Pumps (India) is currently trading at Rs. 446.25, up by 2.40 points or 0.54% from its previous closing of Rs. 443.85 on the BSE.

The scrip opened at Rs. 443.85 and has touched a high and low of Rs. 451.15 and Rs. 443.05 respectively. So far 59142 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 834.85 on 21-Oct-2025 and a 52 week low of Rs. 441.00 on 05-Oct-2026.

Last one week high and low of the scrip stood at Rs. 470.30 and Rs. 441.00 respectively. The current market cap of the company is Rs. 5492.44 crore.

The promoters holding in the company stood at 50.36%, while Institutions and Non-Institutions held 7.47% and 42.17% respectively.

Shakti Pumps (India) has received a Letter of Empanelment (LoE) worth around Rs 112.18 crore (inclusive of GST) from Maharashtra State Electricity Distribution Company (MSEDCL). The LoE is for 4,755 Off-Grid Solar Photovoltaic Water Pumping Systems (SPWPS) pumps of 3 HP, 5 HP, 7.5 HP for the entire state of Maharashtra under Magel Tyala Saur Krushi Pump Yojana. The order is to be executed within 60 days from the issuance of work order/ Notice to Proceed (NTP).

Shakti Pumps (India) is a specialist in the manufacture of a broad range of submersible pumps and motors for a variety of applications.

  RELATED NEWS >>