New Delhi, Dec. 11 -- Shakti Pumps, a leading Indian manufacturer of solar pumps and motors, saw its shares rally 14.25% in Thursday's trade, December 11, to reach a day's high of Rs.629 apiece, following an order win from the Maharashtra State Electricity Distribution Company.

The rally came as a relief for shareholders, as the stock had been under pressure over the last eight trading sessions, losing a cumulative 19%.

In its filing to the exchanges today, the company said it received a Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited.

The order is for the design, manufacture, supply, transport, installation, testing, and commissioning of off-grid DC solar photovoltaic water pumping systems, which ...