Shakti Pumps (India) Ltd has received approval to borrow funds up to ₹20 billion, enhancing its financial flexibility. The company also secured permission to create a charge on its assets for borrowings up to this amount. This move aligns with Shakti Pumps' expansion plans, including investments in solar energy and electric vehicle segments. The company recently reported a 130% YoY increase in net profit to ₹104 crore in Q3 FY25, driven by robust order inflows and operational efficiencies.
Source: BSE, Economic Times, Moneycontrol