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Shakti Pumps (I) on Monday informed the exchanges that it has started its new plant under the Electric and Control Division at Pithampur, Madhya Pradesh, on July 7. “This fully-automated plant using cutting-edge Japanese techniques and manufacturing methods, will manufacture electric motor drive (VFD), electronic motor starters and hybrid inverters,” the company said in the statement. Shares of Shakti Pumps gained 2.33 per cent at ₹471.50 on the NSE.
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