Financial Daily from THE HINDU group of publications
Tuesday, May 31, 2005
Shakti Pumps looks forward to Rs 100-cr order from M.P.
Mumbai , May 30
THE Madhya Pradesh Government has carried out a pilot project with Shakti Pumps India Ltd (SPIL) to install energy-efficient pumps at farm level for the supply of water.
Under the pilot, the company has installed three sample stainless steel (SS) submersible pumps in the State.
A Canadian consulting company, appointed by the State Government for the project, has already approved the sample pumps. SPIL manufactures stainless steel (SS) submersible pumps that bring down the consumption of electricity by about 40 per cent.
The State Government currently provides free power to the farmers. On installing the SS submersible pumps, the Government would save Rs 100-200 crore on consumption of electricity every year," Mr Dinesh Patidar, Executive Director of SPIL, told Business Line.
The company is expected to supply an order of about 30,000 pumps (valued at Rs 100 crore) to the State Government in the next three years.
"The Cabinet decision on this project will be taken soon," he said.
Practically, all farmers are facing irregular power supply, which results in reduced yield. Every farmer, who has 8 acres of land or less, uses a 5 HP pump. At present, electricity supplied to villages is erratic. Due to haphazard load shedding, farmers cannot plan their farming activities.
Farm output can be increased only if uninterrupted power supply is maintained for 20-22 hours everyday.
"If we talk specifically about the Indian scenario, where there is huge voltage fluctuation, only stainless steel pumps are best suited for India," he said.
"Stainless steel pumps are a huge success the world over because they consume less electricity. Their cost of maintenance is less as compared to other pumps and their running life is also more," Mr Patidar said.
SPIL recently bagged an order worth about $3 million (Rs 13 crore) from US-based Vervent Inc.
The order from Vervent, one of the largest traders of pump sets, will be executed by the end of September, the company informed the Bombay Stock Exchange.
Shakti Pumps has received and executed orders worth Rs 4 crore during April 2005, with majority of the orders coming from South Africa and Australia.
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