Shakti Pumps Partners with UP for Supplying 12,537 Solar Pumps

Oct 26, 2024•about 1 year ago

Contract Type

partnership

PithampurSolarRenewable EnergyEnergyManufacturing

Description

Indian solar pump company Shakti Pumps India Limited has announced a partnership with the state of Uttar Pradesh to supply 12,537 solar pumps. This partnership is part of Shakti Pumps' robust financial performance, reporting significant growth in revenue and net profit in the latest financial report.

Company Information

Company

Shakti Pumps India Limited

Location

Pithampur, Madhya Pradesh, India

About

Shakti Pumps India Limited (SPIL) was founded in 1982 as a partnership firm and later converted to a public limited company in 1995. It manufactures solar pumps, energy-efficient stainless-steel submersible pumps, pressure booster pumps, pump-motors, and other products. SPIL said that it is the only company that manufactures a wide range of products for solar pump installation in-house, including Variable Frequency Drives, Structures, Motors, Inverters, and so on.

Agreement Insights

Based on industry data
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies
Contract momentum indicator
Companies with recent agreements are 2.3x more likely to make additional purchases within 6 months