Shakti Pumps India receives award from Machinist Magazine; Stock plunges 4%

20 Jun 2022 , 11:19 AM

Shakti Pumps (India) Ltd has informed that the Company has received the prestigious “The Machinist Shopfloor of the year Award 2022” on June 17, 2022 in “Excellence in Innovation category” by Machinist Magazine”, India’s Premium 82B Magazine for the Manufacturing industry backed by The Economic Times (part ofThe Times of India Group).

Shakti Pumps (India) Limited has received this award on account of some path-breaking innovations it has done in the field of solar pumps, motors and related categories, backed by its superior R&D infrastructure.

At around 11:20 AM, Shakti Pumps (India) was trading at Rs434.80 per share down by Rs19.2 or 4.23% from its previous closing of Rs454 per share on the BSE.