Shakti Pumps shares up 14% on ₹444 Cr MSEDCL solar pump order

• Shakti Pumps secured a ₹444 crore order from MSEDCL for 16,025 off-grid solar water pumping systems.
• The order, under the PM-KUSUM B scheme, involves supplying and installing 3 HP, 5 HP, and 7.5 HP solar pumps.
• Company shares surged 14% on December 11 following the announcement of the new order.
• This new order builds on a previous ₹374 crore order received from MSEDCL in September under the same scheme.

Why It Matters: Shakti Pumps' ₹444 crore order boosts its growth and solar irrigation market.