Shares of Shakti Pumps surged more than 5% higher from its day low of Rs 865.85 to its intraday high of Rs 920.40 on 3 February after the company announced a strengthening tie-up for DCR cell-based Solar Module for FY 2025-26.
The recent rally in Shakti Pumps (India) Limited’s stock price follows the announcement of a Rs 1,300 crore partnership with ReNew Photovoltaic Private Limited for supplying DCR cell-based solar modules. This agreement strengthens the company’s existing collaborations with Mundra Solar PV Limited (Adani) and Premier Energies Ltd. for similar supplies.
By expanding its supplier network, Shakti Pumps is poised for substantial growth, reinforcing its market leadership and long-term expansion strategy.
This partnership is expected to boost the company’s growth trajectory.
Shakti Pumps is a leading manufacturer of advanced water pumping solutions, offering a diverse range of products, including submersible pumps, solar pumps, pressure booster pumps, and wastewater pumps.
Beyond pumps, the company supplies controllers, mechanical seals, and other essential components. Renowned for their quality and durability, Shakti Pumps’ products serve various sectors such as irrigation, horticulture, domestic water supply, and commercial and industrial applications.
Founded in 1982 by the Patidar family in Rau (Indore), the company has expanded its global footprint, exporting to over 120 countries.
At 2:07 pm, the shares of Shakti Pumps were trading 1% higher at Rs 920.55 on NSE.
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