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Shakti Pumps shares surge 12% on Rs 236 crore Maharashtra solar pump order

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Shakti Pumps shares surge 12% on Rs 236 crore Maharashtra solar pump order
Shakti Pumps (India) Ltd shares surged 11.71% to Rs 522.55 during Thursday’s trading session after the company secured a major order from Maharashtra State Electricity Distribution Company Limited (MSEDCL).

The company received a Letter of Empanelment for the supply of 10,000 off-grid Solar Photovoltaic Water Pumping Systems (SPWPS) under the Magel Tyala Saur Krushi Pump Yojana across Maharashtra.

The order covers solar water pumps with capacities of 3 HP, 5 HP and 7.5 HP, with the total contract value pegged at Rs 216.64 crore, excluding GST, and approximately Rs 235.92 crore including GST.

Under the contract, Shakti Pumps will be responsible for the design, manufacture, supply, transportation, installation, testing and commissioning of the solar-powered pumping systems.

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The order must be executed within 60 days from the issuance of the Work Order or Notice to Proceed (NTP), making timely execution a key focus for the company.


The company clarified that a domestic entity was awarded the order and that the promoter or promoter group has no interest in MSEDCL. It also does not fall under related-party transactions.
The large order strengthens Shakti Pumps’ position in Maharashtra’s renewable-energy and agricultural irrigation segments as solar-powered irrigation adoption grows.Stock reaction: Following the announcement, Shakti Pumps shares climbed as much as 11.71% to Rs 522.55 in Thursday’s session, reflecting strong investor interest in the sizeable order win.

Share Price and Technical Indicators

Following today’s 12% surge, Shakti Pumps’ market capitalisation stood at around Rs 6,255 crore. The stock’s 52-week high is Rs 915.

On the valuation front, the company’s price-to-earnings (P/E) ratio stands at 27.49, while its price-to-book (P/B) ratio is 3.42.

From a technical perspective, Shakti Pumps is currently trading below four of its eight key Simple Moving Averages (SMAs), indicating a mixed trend across different time frames.

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Disclosure: “This article has been written by Ritesh Presswala, who is not a SEBI-registered Research Analyst or an Investment Adviser. Ritesh Presswala and his ‘relative(s)’ (as defined under Section 2(77) of the Companies Act, 2013) do not hold any financial interest in the companies mentioned in this article as of the date of publication. The views/recommendations mentioned in this article, wherever applicable, are those of the respective SEBI-registered Research Analyst/brokerage and have been reproduced/reported with due attribution. They should not be construed as the views or recommendations of The EconomicTimes Digital or the journalist. Readers are advised to consider the original research report and make their investment decisions based on their own assessment.”

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Why some experts increasingly fear AI will take over

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BBC InDepth

For years, researchers concerned about existential AI risks have argued that powerful systems could eventually act in ways that conflict with human interests. Critics often refer to them as “AI doomers”.

But as details of the OpenAI incident have emerged, those concerns have grown, including among some researchers working in AI labs.

The Silicon Valley giant’s chief scientist, Jakub Pachocki, said the risks associated with AI are “unfortunately going to grow from here” as he and others are building what he calls “an alien intellect exceeding our own”.

In a lengthy blog post, he admitted that the outbreaks at OpenAI showed that his AI agents “went against the spirit of the values they were taught”.

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The issue for OpenAI, Anthropic and other tech giants is that no one seems to have cracked the so-called alignment problem – in other words, whether AI aligns with human values.

Pachocki defines alignment as a “high-level set of principles” that artificial intelligences should adhere to no matter what the task or scenario is.

Currently, AI systems are very good at pursuing objectives set by their users, but they do it literally rather than intuitively. The analogy often used is that of a wish-granting genie with a magic lamp: they follow the exact letter of an instruction, even if doing so creates other problems. AI doesn’t have the same instinctive moral guardrails as humans.

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Leidos Holdings, Inc. (LDOS) Presents at Jefferies Global Industrials Conference 2026 Transcript

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OneWater Marine Inc. (ONEW) Q1 2026 Earnings Call Transcript