Roto Pumps ltd solar pump orders: 400 new orders or 400 units? Multibagger stock in focus
Roto Pumps ltd solar pump orders: Multibagger stock Roto Pumps is in focus after the company’s arm won major orders for its newly launched solar submersible pumping systems. Since the order win, the stock’s price has jumped over 12%.
Roto Pumps ltd solar pump orders: The orders are for its newly launched Solar Submersible Pumping Systems under the brand name ‘Roto Rudra’. (Image: Roto Energy Systems/ET NOW News)
Roto Pumps ltd solar pump orders : Roto Pumps ‘ shares are in focus as the company’s subsidiary Roto Energy Systems won major orders for its newly launched solar submersible pumping systems.
Initially, the company mistakenly stated in a press release dated December 7 that it had secured over 400 orders. This was later corrected in a rectified version of the press release dated December 9, which clarified that the subsidiary has won orders “for over 400 units” of the solar pumps.
“Roto Energy Systems Ltd., a subsidiary of Roto Pumps Ltd., has secured orders for over 400 units for its newly launched Solar Submersible Pumping Systems under the brand name ‘Roto Rudra’, reinforcing its position as a key player in sustainable water management globally,” the company said in the corrected release.
