Shares of Roto Pumps Ltd skyrocketed 13% on 9 December after the company announced securing over 400 orders for its recently introduced “Solar Submersible Pumping Systems.”

These systems are incredibly efficient; according to a statement from the company, one model uses 1500 Wp of solar electricity to pump water from a 200-meter borewell. Gardening, livestock, and irrigation are all supported by the pumping systems.

Orders from South Africa, Australia, and the Indian states of Chhattisgarh and Maharashtra promote renewable energy, irrigation, and agriculture.

The business will supply South Africa with 100 advanced centrifugal and helical rotor pumps equipped with controllers, 10-pole motor pump sets, and remote monitoring features. In Australia, the company will provide 100 solar-powered agricultural pumping machines. 

Since 1968, Roto Pumps has been a leading manufacturer of progressive cavity pumps in India. The company is well-known for offering pumping solutions to a wide range of industries, including paper, wastewater, sugar, oil and gas, chemicals, ceramics, food and beverage, renewable energy, and wastewater.

In the second quarter of the fiscal year 2024–2025 (Q2FY25), which ended recently, Roto Pumps reported a net profit of Rs 10.77 crore, down 11.5% from Rs 12.17 crore in the same quarter the previous year. At Rs 70 crore in Q2, the company’s revenues remained constant year over year.

At 12:58 pm, the shares of Roto Pump were trading 10.35% higher at Rs 311.40 on NSE.

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