KSB Pumps shines backed by NPCIL orders
KSB Pumps has received orders of around Rs. 413 crores from Nuclear Power Corporation of India Limited (NPCIL). The orders are for supply of primary coolant pumps and electric motor along with auxiliaries and accessories for NPCIL's Gorakhpur Haryana Anu Vidyut Pariyojana – 1 & 2.
The sale or supply of these products and services for these orders will be in a phased manner during FY2022 and 2023. The company has previously supplied pumps to NPCIL and is a major contender supplying pumps to new nuclear power plants in India.
Going forward, the government’s aim to double farmer income by 2022 and increase in the penetration of irrigation systems coupled with a strong brand recall, augurs well for the company. KSB Pumps is engaged in the business of manufacture of power driven pumps and industrial valves. Its revenue mix for 9MFY17 comprises of Pumps segment (76 per cent ), Valves segment (16 per cent ) and Others (8per cent ).
Reacting on the news, the stock on Monday opened at Rs. 900.05, gap up opening by almost 3 per centand touched an intra-day high of Rs. 920, on the BSE.