Shakti Pumps shares jump 12% on Rs 216.64 crore Maharashtra solar pump order

Shakti Pumps' shares surged nearly 12% following the company's acquisition of a Rs 216.64 crore order from MSEDCL (Maharashtra State Electricity Distribution Company Limited). The contract involves supplying 10,000 solar water pumping systems across Maharashtra as part of the Magel Tyala Saur Krushi Pump Yojana scheme.

The order represents a significant boost for the company's solar pump business and contributed to the sharp uptick in investor confidence reflected in the share price movement.