2 Stocks in focus after receiving up to ₹65 Cr orders from Govt of Madhya Pradesh and Maharashtra

Synopsis: The shares of these two companies were up significantly after they received a supply order for Solar Photovoltaic Water Pumping Systems from the state-owned agencies 

These two solar equipment makers are in focus after securing fresh government orders worth up to Rs 65 crore from the Madhya Pradesh and Maharashtra governments. The contracts, awarded by state-run agencies under the PM-KUSUM scheme, boosted investor sentiment, with both stocks seeing strong gains as their order books and revenue visibility improved.

Here are the 2 stocks with new orders

Captain Polyplast Ltd

Captain is a pioneer in the manufacturing of advanced micro irrigation technologies in India. It has a irrigation systems which include drip irrigation systems and sprinkler irrigation systems produced from advanced German and Israeli technology. The company owns two state-of-the-art manufacturing facilities (Rajkot and Kurnool) to ensure the best quality products. They have a strong marketing and distribution network with presence in 16 states of India with more than 750 dealers.

With a market capitalization of Rs 497.29 crores on Wednesday, the shares of Captain Polyplast Ltd jumped up to 5.5 percent, making a day high of Rs 84.40 per share compared to its previous closing price of Rs 80.08 per share.

Captain Polyplast Limited has secured an additional order from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for 1,000 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) worth Rs 27.69 crore (including GST). The order, under the PM KUSUM B scheme, includes design, manufacture, supply, installation, testing, commissioning, a five-year warranty, maintenance, and remote monitoring. The installations are to be completed within 60 days.

Shakti Pumps (India) Ltd

Shakti Pumps (India) Ltd is primarily engaged in the manufacturing of pumps and motors of various kinds. It also offers advanced water pumping solutions to a wide range of applications such as irrigation, horticulture, domestic water supply, and commercial & industrial applications. Its brand “Shakti” is well-received in the domestic and international markets.

With a market capitalization of Rs 9,159.21 crores on Wednesday, the shares of Shakti Pumps Ltd jumped up to 3 percent, making a day high of Rs 752.70 per share compared to its previous closing price of Rs  733.30 per share.

Shakti Pumps (India) Limited has received a work order from Madhya Pradesh Urja Vikas Nigam Limited for 1,897 Stand-alone Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) across Madhya Pradesh, valued at ₹65.20 crore (including GST).

The order, under Component-B of the PM KUSUM scheme, covers design, manufacture, supply, transport, installation, testing, and commissioning of the pumps, with completion expected within 120 days. This contract reinforces Shakti Pumps’ capabilities in government-backed solar irrigation programs and expands its footprint in the renewable energy sector.

Disclaimer

The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Trade Brains Technologies Private Limited or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.

The post 2 Stocks in focus after receiving up to ₹65 Cr orders from Govt of Madhya Pradesh and Maharashtra appeared first on Trade Brains.