Shakti Pumps (India) rallies 4.36% to Rs 554.20 after the company said it bagged a $35.30 million order from the Government of Uganda for supplying solar powered water pumping systems.
The company has secured a contract from Government of Uganda represented by Ministry of Water and Environment for supplying solar-powered water pumping systems at a contract price of $3,53,00,000.
On a consolidated basis, Shakti Pumps (India) reported a net profit of Rs 26.53 crore in Q3 FY21 as compared with a net loss of Rs 8.70 crore in Q3 FY20. Net sales surged 239.50% to Rs 316.66 crore in the third quarter from Rs 93.28 crore in the same period last year.
Shakti Pumps (India) is a manufacturer and exporter of stainless-steel water pumps, motors and solar pumps.
Source: capital markets
