India's Shakti Pumps jumps after securing Maharashtra solar pump order

Shakti Pumps (India)

06/07/2026 06:24

** Shares of Shakti Pumps (India) SHPU.NS rise as much as 8.3%; last up 5.5% at 605.50 rupees
** Stock at highest in five months
** Pump manufacturer gets letter of empanelment from Maharashtra State Electricity Distribution Co for supply of 15,000 off-grid solar photovoltaic water pumping systems worth about 3.54 billion rupees ($37.14 million)
** More than 9.2 million shares change hands by 10:30 a.m. IST vs 30-day avg of 1 million shares
** As of last close, stock down 16% YTD
     
($1 = 95.3275 Indian rupees)

 (Reporting by Payel Das in Bengaluru)
 ((Payel.das@thomsonreuters.com))