India, Jan. 12 -- The shares of the prominent pump manufacturers gained up to 7 percent in today's trading session after the company bagged its first letter of award from Karnataka Renewable Energy Development Limited is worth Rs 654 crore.

With a market capitalisation of Rs 8,880.95 crore, the shares of Shakti Pumps India Ltd were trading at Rs 719.70 per share, increasing around 5 percent as compared to the previous closing price of Rs 685.65 apiece.

Significant order The shares of Shakti Pumps India Ltd have seen bullish movement after securing its first letter of award from Karnataka Renewable Energy Development Limited for 16780 Stand alone Off Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) pumps for the entire state of K...