October 07, 2008

Shakti Pumps bags pump supply order from AP

BS reported that irrigation pump maker Shakti Pumps India Limited has entered into an agreement with Andhra Pradesh panchayat raj engineering & rural water supply department to supply energy efficient pumps. This is the first ever contract received by Shakti Pumps from any state government. It has also approached 10 other state governments and given proof of concept to them for similar agreements.

The Andhra Pradesh government has considered that energy efficient pumps can play an important role and in continuation of this process, has executed an agreement with Shakti Pumps. It plans to replace the existing conventional pumps in the state with Shakti Pump’s energy efficient pumps, which is expected to result in power saving of up to 40% for the government.

Mr Dinesh Patidar MD of Shakti Pumps said that “We have signed a single tender contract with the Andhra Pradesh government. The government has agreed to our rates and we expect to start supplying energy efficient pumps to it from January 2008.”

Shakti Pumps achieved a turnover of INR 63 crore, including exports of INR 35 crore in 2006. It expects to garner INR 90 crore from exports and INR 60 crore from domestic sales this financial year.