Shakti Pumps focusing on solar pumping solutions

August 11, 2014 12:42 pm

“We are playing a vital role in renewable energy solutions particularly solar pumping solutions and capturing an increasing market share in pump industry and solar pumping systems,” says Dinesh Patidar, CMD, Shakti Pumps (India) Ltd.
 The announcements in the union budget making an overall allocation of Rs. 1,000 crores for the renewable energy sector with a focus on solar energy is likely to benefit the industry as a whole. Also an announcement of 1,00,000 solar pumps in the current budget indicates a more promising outlook towards solar pumping segment. Mr Patidar shares his views in this regard and talks about overall performance of Shakti Pumps as well.
Journey so farEstablished in 1982, Shakti Pumps (India) Ltd. is now one of the leading energy efficient stainless steel pump manufacturers and exporters in India with a strong presence in more than 100 countries across the world. Its product portfolio consists of stainless steel pumps and motors to meet the needs of agricultural, horticultural, industrial and domestic sectors as well as commercial and industrial buildings.
The company believes that its products offer best in class energy efficiency, lower maintenance and longer life owing to superior quality and innovative technology. The advantage of Shakti Solar Pumps is that they can run on both solar power (DC) and the power sourced from the grid (conventional AC power) with a very high discharge rate for extended periods.
During the last fiscalShakti Pumps reported a strong performance last fiscal. Its total revenue for the year ended March grown by 41.4 per cent growth over the previous year, while its net profit registered a 43.7 per cent growth over corresponding previous year.
The results are supposed to be a vindication of the company strategy of delivering quality and innovative products. It also mirrored its strong focus on exports supplemented by a growing presence in the domestic market. All of these resulted in increased sales, net profits and operating margins.

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