Shakti Pumps, Tanfac Industries, Man Industries Gain Up to 6% on Fresh Order Wins
Shakti Pumps, Tanfac Industries, and Man Industries gained up to 6% on January 12, 2025, following major order announcements. Shakti Pumps secured a ₹654.00 crore solar contract from Karnataka, Tanfac landed a seven-year ₹2,362.50 crore Japanese deal, and Man Industries won ₹550.00 crore in pipe orders.

*this image is generated using AI for illustrative purposes only.
Shares of three Indian companies experienced significant gains on January 12, 2025, following announcements of major order wins that boosted investor confidence. Shakti Pumps (India) Ltd., Tanfac Industries Ltd., and Man Industries (India) Ltd. reported substantial contract victories before market opening, leading to stock price increases of up to 6%.
Shakti Pumps Secures Major Solar Contract
Shakti Pumps announced winning a significant contract worth ₹654.00 crore, including GST, from Karnataka Renewable Energy Development Ltd. The comprehensive agreement covers the design, manufacture, supply, transport, installation, testing, and commissioning of standalone off-grid DC solar photovoltaic water pumping systems.
| Contract Details: | Specifications |
|---|---|
| Order Value: | ₹654.00 crore (including GST) |
| Client: | Karnataka Renewable Energy Development Ltd. |
| Completion Date: | March 31, 2026 |
| Project Type: | Off-grid DC solar water pumping systems |
Shakti Pumps shares responded positively, rising 5.70% to ₹724.50 per share in early trading on Monday. However, the stock has faced challenges over the past year, declining 41% over the last 12 months.
Tanfac Industries Lands Long-Term Japanese Deal
Tanfac Industries secured a substantial seven-year supply contract with a Japanese customer for fluorinated chemicals. The agreement involves supplying 7,500 metric tonnes annually at ₹337.50 crore per annum, excluding GST.
| Contract Parameters: | Details |
|---|---|
| Annual Volume: | 7,500 metric tonnes |
| Annual Value: | ₹337.50 crore |
| Contract Duration: | Seven years |
| Start Date: | January 1, 2027 |
| Total Contract Value: | ₹2,362.50 crore (excluding GST) |
The stock gained 3.14% to ₹4,540.00 per share during early Monday trading. Tanfac Industries has demonstrated strong performance over the past year, with shares gaining 68% during the last 12 months.
Man Industries Expands Order Book
Man Industries announced securing new orders worth ₹550.00 crore for pipes from both domestic and international customers. The company expects to execute these orders within six months, adding to its robust order pipeline.
| Order Information: | Value |
|---|---|
| New Orders: | ₹550.00 crore |
| Execution Timeline: | Six months |
| Total Unexecuted Order Book: | ₹4,600.00 crore |
| Customer Base: | Domestic and international |
Man Industries shares initially traded 2.80% higher at ₹361.65 per share in early Monday trading, though the stock later gave up some gains and traded little changed. The company's shares have appreciated 15% over the last 12 months, reflecting steady business growth.















































