Shares of the agency have surged 81.97 % over the previous six months.
Shares of Shakti Pumps (India) can be in concentrate on January 16 because the board of administrators plan to evaluate a proposal to boost funds by certified institutional placements (QIP).
The board of administrators will meet on January 18 to think about elevating funds by issuing securities by means of preferential allotment or non-public placement, together with a number of certified institutional placements (QIP) or additional public concern of fairness shares.
On January 15, shares of the corporate settled 0.21 % decrease on the NSE at Rs 1,078 per share.
The board will even “take into account and approve the revised phrases of reference of the Treasury Committee to allow it to undertake sure acts in relation to the proposed fund elevate as permitted below relevant legislation”, in keeping with a submitting by the bourses.
On December 29, Shakti Pumps obtained a contemporary order from the Haryana Renewable Vitality Division (HAREDA). “The corporate has obtained a second work order below the KUSUM‐3 scheme from Haryana Renewable Vitality Division (HAREDA) for six,408 pumps,” it mentioned.
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The overall quantity of the work order is for round Rs 258 crore (inclusive of GST). The order is for provide, set up and commissioning of photo voltaic water pumping methods, inside a 90-day interval from the date of concern of labor order.
Shares of the agency have surged 81.97 % over the previous six months. Compared, the home index, NIfty 50, has recorded positive aspects of round 11.5 % throughout the identical time interval.
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