October 9, 2023
admin
Shakti Pumps wins Rs 150 crore order
Shakti Pumps today announced securing a Rs 149.71-crore order under the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme.
“Shakti Pumps announces its inaugural commercial order under the PM-KUSUM scheme component-C from Ajmer Viduyt Vitran Nigam Limited for the total worth of Rs 149.71 crore,” the water pump company said in a statement.
The project involves replacing inefficient electric pump sets with brushless DC solar pump sets, where the pump set will run on power generated through solar and surplus electricity can be sent to the grid.
This benefits farmers across India by enhancing irrigation capabilities, reducing reliance on traditional energy, and providing the opportunity to earn from surplus power sales to discoms, the company said.
The project involves replacing inefficient electric pump sets with BLDC (brushless DC) solar pump sets, where the pump set will run on power generated through solar and surplus electricity can be sent to the grid.
Shakti Pumps Chairman Dinesh Patidar said, “Discoms would cover its pump set cost of Rs 10 lakh in 5 years by saving up to Rs 2 lakh in yearly energy bills, while farmers may earn up to Rs 50,000 per year and up to Rs 2.5 lakh in 5 years by selling excess power to discoms.”
The scheme improves irrigation capacity, and lessens dependency on conventional energy sources, resulting in energy security for farmers across India, he added.
>>Go to Mainboard IPOs Section: Click
>>Get Good Staff or Job, Click: Staffavailable.com
>>Interested in Used Automobiles or vintage cars? Click: BigGaddi.com
>>Get solid Guidance on Mutual fund Investments, Click: ChanakyaMFGuidance.com
>>Study Stock Research Reports, Click: AnalysisLibrary.com
>>Interested in Crossword Puzzles? Click: Magajmari.com
