In Short : Since hitting its 52-week low of ₹66.47 per share, Shakti Pumps has produced returns of more than 100%. To support growth, the business is currently looking at alternative funding sources including QIP.
Encouraging Innovation and Strategic Growth
The extra money will help Shakti Pumps increase its capacity, improve its technology, and gain a larger share of the solar-powered irrigation industry.
Maintaining Equity While Developing Technological Capabilities
Shakti Pumps wants to preserve shareholder value while obtaining funding for expansion, which is why it has chosen structured fundraising techniques like QIP.
Impact and Significance of Clean Energy
Solar-powered pumps ensure cost savings, clean irrigation, and the advancement of India’s agricultural use of renewable energy by reducing farmers’ dependency on diesel and grid electricity.
About Shakti Pumps
Shakti Pumps is a leader in solar pump technology, providing cost-effective and environmentally friendly irrigation systems that provide farmers more options. It still prioritizes growth and innovation in the clean energy industry.
