Rs 2,250.30 Crore Order Book: Solar Pumps Manufacturer Bags Rs 25.34 Crore Order from New & Renewable Energy Department Haryana & HAREDA

The stock gave multibagger returns of over 200 per cent in just 3 years and a whopping 780 per cent in 5 years.

KSB Limited has received a Letter of Award under the PM-Kusum Scheme, Component B, from the New & Renewable Energy Department Haryana and HAREDA. This domestic order, valued at approximately Rs 25.34 crore, involves the design, manufacture, supply, transport, installation, testing, and commissioning of 1161 off-grid Solar Photovoltaic Water Pumping Systems. The sales and supply of products and services for these orders are expected to commence from the second quarter of Fiscal Year 2025, with payment to be made after installation.

Earlier, the company received an export order for critical nuclear pumps from its parent company, KSB SE & Co. KGaA, Germany. This prestigious contract marks KSB Limited's entry into the substantial export market for nuclear pumps and involves the supply of eight Critical Safety Class 2 Pumps for two units (Unit 5 and Unit 6) of a newly established Nuclear Power Plant in Europe. This order underscores the quality and reliability of KSB Limited's offerings, as well as its demonstrated capability to provide customised solutions to meet the specialised requirements of clients worldwide.

About the Company

KSB Limited manufactures power-driven pumps and industrial valves. The Company produces and distributes a range of control valves, desuperheaters, actuators, and spare parts. KSB serves energy, oil and gas, water and construction industries in India. The company's export business is seeing an upward trend and Significant growth in the Solar business - Qualification in SECI (Solar Energy Corporation of India) tender

The company has a market cap of over Rs 13,000 crore, delivered good profit growth of 22 per cent CAGR over the last 5 years and has been maintaining a healthy dividend payout of 29 per cent. The company order book stands at Rs 2,250.30 crore, including nuclear orders.

The stock’s 52-week high is Rs 1.057.54 and its 52-week low is Rs 585. The stock gave multibagger returns of over 200 per cent in just 3 years and a whopping 780 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.