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Shakti Pumps gets nod to make investments of Rs 114.29 crore in Shakti EV Mobility

11 Oct 2023 Evaluate

Shakti Pumps (India) has received approval for making the investments of Rs 114.29 crore in the Wholly Owned Subsidiary i.e. Shakti EV Mobility, in one or more tranches, in the next five years. The Board of Directors of the company at its Meeting held on October 11, 2023, has inter-alia, approved the same. 

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

Peers
Company Name CMP
Kirloskar Brothers 1646.20
Elgi Equipments 584.80
Shakti Pumps (India) 381.45
KSB 653.35
Oswal Pumps 229.35
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