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Shakti Pumps share price up 4% after bagging $35 million export order from Uganda government.

Shakti Pumps is a manufacturer of submersible pumps for domestic, industrial, horticultural and agricultural use. The company exports to more than 100 countries, with branches in the USA, Australia and UAE.The Company has been awarded a contract from Government of Uganda represented by Ministry of Water and Environment for Supply of solar powered water pumping Systems at a contract price of USD 35.3 million.
The company’s stock was trading at Rs 550.40, up Rs 19.35, or 3.64 percent at 11:38 hours. It has touched an intraday high of Rs 564.70 and an intraday low of Rs 532.65.Overall, in the last three months, the stock has risen 121 percent to Rs 528 as on February 26 from Rs 239 as on November 27, 2021.

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