Read on the application
Shakti Pumps, a leading manufacturer of energy efficient pumps and motors, has achieved great success. Shakti Pump has received a patent for the invention of ‘Stack Assembly for Permanent Magnet Rotor’. The Patent Office of the Government of India has granted this patent to Shakti Pump. This patent will be valid for 20 years. This is the sixth patent received by the company. Shakti Pumps recently received a patent for its unique innovation in the field of electric vehicle motor technology.
Received an order for 50000 solar pumps
Shakti Pumps recently received an order for 50000 Off Grid Solar Photovoltaic Water Pumping Systems from Maharashtra State Electricity Distribution Company. The value of this order is 1603 crore rupees. The order for supply of solar pumps is to be completed in the next 24 months. The company received an order for 7781 pumps from the Haryana Renewable Energy Department last month and the value of this order is Rs 358 crore. The company has also received an order worth Rs 149.71 crore from Ajmer Vidyut Vitran Nigam Limited.
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The shares of the company went from Rs.20 to Rs.1000
Shakti Pump shares have seen a rapid rise in the past few years. On 3 October 2003, the shares of the company were Rs. 20 was at the price. Share of Shakti Pump on 23 October 2023 Rs. closed at 1069.95. The company’s shares have returned 5249% during this period. If a person invests in Shakti Pump shares on October 3, 2003 for Rs. 1 lakh and have retained their investment, the current price of this stock is Rs. 53.49 lakh would have been. Shares of Shakti Pump have gained 141% in the last 6 months. The company’s shares were priced at Rs 443.15 on 24 April 2023, which closed at Rs 1069.95 on 23 October 2023.
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