Shakti Pumps (India) Limited

Stocks
1

Shakti Pumps Secures Second Order from Haryana Renewable Energy Department for 6,408 Pumps

The company’s initial order from the Haryana Renewable Energy Department amounted to Rs 358 crore for 7,781 pumps.

Shares of Shakti Pumps (India) Limited gained approximately 4% today, witnessing substantial buying activity from investors. The company has secured a second work order under the KUSUM-3 scheme from the Haryana Renewable Energy Department (HAREDA) for supplying, installing, and commissioning 6,408 solar water pumping systems. This domestic contract, valued at Rs. 258 crores (inclusive of GST), must be completed within 90 days of the work order issuance.

This repeat order from HAREDA underscores Shakti Pumps’ strong foothold in the renewable energy sector, particularly in solar water pumping solutions. It aligns with the government’s push for solar power adoption in agriculture, benefiting farmers by providing sustainable and cost-effective irrigation options. The successful execution of this project will further solidify Shakti Pumps’ position as a key player in India’s clean energy transition.

Concall Update
The last quarter was a landmark victory for Shakti Pumps. The government initiative, KUSUM-3 orders, finally began flowing in, with three mega projects. The crown jewel is a 7,781-pump order from the Haryana Government, worth Rs. 358 crores, focusing on off-grid areas. Another 10,000 pump orders worth Rs. 293 crores further strengthen their off-grid presence.

Shakti Pumps is also pioneering on-grid pump conversions, successfully piloting a Rs. 150 crore project with Ajmer DISCOM. This initiative not only benefits farmers with additional income through energy sales but also saves DISCOMs lakhs annually. More DISCOM partnerships are expected following the success of this pilot project.
The biggest news is a record-breaking 50,000-pump order from the Maharashtra Government, valued at Rs. 1,603 crores. This contract, to be completed within 24 months, marks a significant push for Shakti Pumps.

Shakti EV Mobility, a subsidiary, recently secured a crucial patent for their EV motor design. This innovative technology enhances efficiency and mileage, enabling cost-effective EVs with extended range. The patent applies to the entire EV range, from 2-wheelers to buses, and has spurred a Rs. 114 crore investment in the subsidiary.

Business Overview
Shakti Pumps (India) Limited primarily engages in manufacturing pumps and motors of various kinds. It offers advanced water pumping solutions for a wide range of applications such as irrigation, horticulture, domestic water supply, and commercial and industrial use.

Stock Price Movement
Today, the stock opened at Rs 1010.20, reaching a high and low of Rs 1090.20 and Rs 1010.20, respectively. It is currently trading at Rs 1042.10, representing a 3.85% increase. The stock’s 52-week high stands at Rs 1224.65, while the low is at Rs 388.70.

The stock has shown impressive growth, and investors should closely monitor its performance.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

2

Shakti Pumps jumps over 5% on receiving a major patent in fluid technology; details inside

This is the 10th patent filed by the company and is set to maintain its validity for duration of 20 years, commencing from the date of filing.

Trending company
On Wednesday, Shakti Pumps (India) shares jumped 5.91% to trade at Rs 1106.15, from its previous closing of Rs 1069.30 on the BSE.

About the patent
Shakti Pumps (India) has received a patent for inventing ‘A Surface Helical Pump Construction with Collinear Flow’. The Patent Office, Government of India, has awarded Shakti Pumps this patent, fully adhering to the provisions outlined in the Patents Act of 1970. This patent is set to maintain its validity for 20 years, commencing from the date of filing. This is the 10th Patent that the company has secured. This innovation tackles a prevalent issue in centrifugal pumps by maintaining consistent water flow even when the RO membrane faces blockages.

This breakthrough design elevates efficiency, reduces maintenance costs by minimising the need for frequent membrane changes, and presents an economically attractive solution for the RO industry. Its energy efficiency not only leads to cost savings but also contributes to reducing carbon footprint, aligning with environmental sustainability goals. Overall, Shakti Pumps’ patented technology signifies a significant leap in fluid technology, offering specialized solutions and reinforcing its status as an industry-leading innovator.

Company profile
Shakti Pumps (India) Ltd is primarily engaged in the manufacturing of pumps and motors of various kinds. It also offers advanced water pumping solutions to a wide range of applications such as irrigation, horticulture, domestic water supply, and commercial and industrial applications.

Stock price movement
Today, the stock opened at Rs 1,084.95 and has touched a high and low of Rs 1,132.50 and Rs 1,050.05, respectively. The BSE group ‘B’ stock of face value of Rs 10 has a 52-week high and low of Rs 1224.65 and Rs 388.70, respectively. Last one week high and low of the scrip stood at Rs 1,132.50 and Rs 995.05 respectively. The current market cap of the company is Rs 2036.61 crore.

The promoters holding in the company stood at 56.22%, while Institutions and Non-Institutions held 0.80% and 42.98% respectively.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.

3

Adding momentum to renewable business, Shakti Pumps makes a strategic move into the EV market

This post delves into Shakti Pumps’ electrifying journey into the EV sector, stellar patent achievements, and impactful Q3 developments.

Shakti Pumps Ventures into the EV Sector

Shakti Pumps has made a strategic foray into the Electric Vehicle (EV) segment by investing INR 13.16 crores in its wholly-owned subsidiary, Shakti EV Mobility Private Limited. This subsidiary, formerly known as Shakti Green Industries Private Limited, operates as a Wholly Owned Subsidiary and specialises in manufacturing various types of Electric Vehicle motors and chargers’ controllers.

The recent investment, totalling Rs 26.92 crores, highlights Shakti Pumps’ commitment to expanding its business portfolio into the dynamic and burgeoning EV market.

Shakti EV Mobility Private Limited, promoted by Shakti Pumps (India) Limited, is set to play a pivotal role in the evolving landscape of electric mobility. The company is engaged in the production of Electric Vehicle motors tailored for Two-Wheelers, Three-Wheelers, Four-Wheelers, Special Purpose Electric Vehicles, and other applications. Additionally, it focuses on the manufacturing of chargers designed for electric vehicles.

This strategic move positions Shakti Pumps at the forefront of sustainable transportation solutions, aligning with the global shift towards electric mobility. The investment signifies the company’s proactive approach to diversification, capitalizing on the growing demand for electric vehicles and associated technologies.

Q3FY2024: A Quarter of Milestones and Momentum

While venturing into new territory, Shakti Pumps hasn’t neglected its core strengths. The third quarter of FY2024 witnessed a series of remarkable achievements, solidifying the company’s position in the renewable energy sector.

Patent Powerhouse
Shakti secured ten patents, showcasing its dedication to innovation. These patents range from the “Surface Helical Pump Construction” for efficient water flow to the “Solar Flour Mill” addressing rural electricity challenges. Each invention underscores Shakti’s commitment to sustainable solutions across diverse applications.

Renewables Reinforcements
Shakti’s order book received a significant boost with multiple contracts in the renewable energy space. The company:

  • Secured empanelment with Maharashtra State Electricity Distribution Company Limited (MSEDCL) for 50,000 Off-Grid Solar Photovoltaic Water Pumping Systems under the PM-KUSUM scheme (Phase-III). This Rs. 1,603 crore project positions Shakti as a key player in Maharashtra’s renewable energy infrastructure.
  • Received a second work order from the Haryana Renewable Energy Department (HAREDA) for supplying, installing, and commissioning 6,408 solar water pumping systems, valued at Rs 258 crore.
  • Earned a Letter of Intent from Ajmer Viduyt Vitran Nigam Limited for implementing grid-connected Solar Water Pumping Systems (Component C) under the PM KUSUM Scheme, amounting to Rs. 149.71 crore.

These order wins demonstrate Shakti’s continued leadership in the renewable energy domain and its commitment to contributing to India’s clean energy goals.

This post delves into Shakti Pumps’ electrifying journey into the EV sector, stellar patent achievements, and impactful Q3 developments.

Shakti Pumps Ventures into the EV Sector

Shakti Pumps has made a strategic foray into the Electric Vehicle (EV) segment by investing INR 13.16 crores in its wholly-owned subsidiary, Shakti EV Mobility Private Limited. This subsidiary, formerly known as Shakti Green Industries Private Limited, operates as a Wholly Owned Subsidiary and specialises in manufacturing various types of Electric Vehicle motors and chargers’ controllers.

The recent investment, totalling Rs 26.92 crores, highlights Shakti Pumps’ commitment to expanding its business portfolio into the dynamic and burgeoning EV market.

Shakti EV Mobility Private Limited, promoted by Shakti Pumps (India) Limited, is set to play a pivotal role in the evolving landscape of electric mobility. The company is engaged in the production of Electric Vehicle motors tailored for Two-Wheelers, Three-Wheelers, Four-Wheelers, Special Purpose Electric Vehicles, and other applications. Additionally, it focuses on the manufacturing of chargers designed for electric vehicles.

This strategic move positions Shakti Pumps at the forefront of sustainable transportation solutions, aligning with the global shift towards electric mobility. The investment signifies the company’s proactive approach to diversification, capitalizing on the growing demand for electric vehicles and associated technologies.

Q3FY2024: A Quarter of Milestones and Momentum

While venturing into new territory, Shakti Pumps hasn’t neglected its core strengths. The third quarter of FY2024 witnessed a series of remarkable achievements, solidifying the company’s position in the renewable energy sector.

Patent Powerhouse
Shakti secured ten patents, showcasing its dedication to innovation. These patents range from the “Surface Helical Pump Construction” for efficient water flow to the “Solar Flour Mill” addressing rural electricity challenges. Each invention underscores Shakti’s commitment to sustainable solutions across diverse applications.

Renewables Reinforcements
Shakti’s order book received a significant boost with multiple contracts in the renewable energy space. The company:

  • Secured empanelment with Maharashtra State Electricity Distribution Company Limited (MSEDCL) for 50,000 Off-Grid Solar Photovoltaic Water Pumping Systems under the PM-KUSUM scheme (Phase-III). This Rs. 1,603 crore project positions Shakti as a key player in Maharashtra’s renewable energy infrastructure.
  • Received a second work order from the Haryana Renewable Energy Department (HAREDA) for supplying, installing, and commissioning 6,408 solar water pumping systems, valued at Rs 258 crore.
  • Earned a Letter of Intent from Ajmer Viduyt Vitran Nigam Limited for implementing grid-connected Solar Water Pumping Systems (Component C) under the PM KUSUM Scheme, amounting to Rs. 149.71 crore.

These order wins demonstrate Shakti’s continued leadership in the renewable energy domain and its commitment to contributing to India’s clean energy goals.

In conclusion, Shakti Pumps’ recent foray into the EV segment, coupled with patent triumphs and robust Q3 achievements, positions the company as a driving force in shaping tomorrow’s energy landscape. With a steadfast commitment to innovation and sustainability, Shakti Pumps continues to lead the way in providing cutting-edge solutions for a greener future.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.

5

Shakti Pumps Secures Major Order from MEDA: A Boon for Future Growth

Shakti Pumps has had an outstanding year in 2024, with its stock price gaining over 300%. The recent order from MEDA is another feather in its cap.

Introduction

In an exciting development for the renewable energy sector, Shakti Pumps (India) Limited has received a significant order from the Maharashtra Energy Department Agency (MEDA). This order is part of the PM-KUSUM scheme, which aims to promote the use of solar energy in agriculture.

Details of the Order

Shakti Pumps has been awarded a contract for 1,200 Off-grid Solar Photovoltaic Water Pumping Systems (SPWPS) to be installed at various locations across Maharashtra. The total value of this order is approximately Rs. 33.47 crore, inclusive of GST. This initiative is expected to enhance the use of sustainable energy sources in the state and provide a boost to Shakti Pumps’ revenue.

Impact on Shakti Pumps Stock Price

The announcement has had a positive impact on the stock of Shakti Pumps. After initially dipping to a day’s low of Rs. 4040, the stock has rebounded and is now trading near its opening price. This recovery highlights investor confidence in the company’s growth prospects following the announcement.

A Year of Remarkable Growth

Shakti Pumps has had an outstanding year in 2024, with its stock price gaining over 300%. This growth can be attributed to the company’s strategic initiatives and successful execution of its projects, particularly in the renewable energy sector. The recent order from MEDA is another feather in its cap, reinforcing its position as a leader in solar water pumping solutions.

Future Prospects

With the new order in place, Shakti Pumps is poised for further growth. The project is expected to be completed within 120 days, providing a steady stream of revenue in the short term. Additionally, the successful execution of this project could lead to more such opportunities in the future, both domestically and internationally.

Conclusion

The Letter of Award from MEDA marks a significant milestone for Shakti Pumps. The company’s ability to secure such a large order underscores its capability and reliability in delivering high-quality solar pumping solutions.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.