Order Win Boost: Shares of Shakti Pumps, Tancfac, Man Industries shares gain up to 6%

Shares of Shakti Pumps (India) Ltd., Tanfac Industries Ltd. and Man Industries (India) Ltd. gained up to nearly 6% on Monday, January 12, after the firms reported fresh order wins before the market opened.

Shakti Pumps

The company said it has won an award worth ₹654 crore (including GST) from the Karnataka Renewable Energy Development Ltd.

The order is for the design, manufacture, supply, transport, installation, testing

and commissioning of standalone off-grid DC solar photovoltaic water pumping systems.

The contract is to be completed on or before March 31, 2026.

Shakti Pumps shares were up 5.7% at ₹724.5 apiece in early trade on Monday. The stock is down 41% over the last 12 months.

Tanfac Industries 

Tanfac Industries said it has signed a contract for the supply of ₹7,500 metric tonne of fluorinated chemicals with a Japanese customer for ₹337.5 crore per annum.

The contract is for a period of seven years from January 1, 2027.

Hence, the estimated value of the contract for seven years is ₹2,362.5 crore, excluding GST, the company said.

The stock was up 3.14% at ₹4,540 apiece in early trade on Monday. Shares have gained 68% during the last 12 months.

Man Industries

The company said it has won new orders worth ₹550 crore for pipes from domestic and international customers. The same is to be executed within six months.

Man Industries added that its total unexecuted order book stands at around ₹4,600 crore.

Shares of Man Industries were trading 2.8% higher at ₹361.65 apiece in early trade on Monday. The stock has given up some of those early gains and is now trading little changed. Shares have gained 15% in the last 12 months.

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