Shakti Pumps gets sanction from MPIDC for 46 acres land in Indore

30 Jan 2024 Evaluate

Shakti Pumps (India) has been sanctioned 46 Acres land by the Madhya Pradesh Industrial Development Corporation (MPIDC) situated at A-10 and B-86, Smart Industrial Township, Pithampur, Indore (Madhya Pradesh). This land will be utilized for future expansion.

Earlier, the company had invested Rs 13.16 crore in its wholly owned subsidiary i.e. Shakti EV Mobility (formerly known as Shakti Green Industries) by subscribing to equity shares of nominal value of Rs 10. The consolidated investment is Rs 26.92 crore after subscribing aforesaid equity shares. The objective of investment is to initiate and expand the business of the wholly owned subsidiary.  

Shakti Pumps (India) is a specialist in the manufacture of a broad range of submersible pumps and motors for a variety of applications.


Shakti Pumps (I) Share Price

943.00 25.70 (2.80%)
23-Dec-2024 10:48 View Price Chart
Peers
Company Name CMP
KSB 750.00
Elgi Equipments 592.85
Dynamatic Tech 8222.50
Kirloskar Pneumatic 1571.00
Shakti Pumps (I) 943.00
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