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Shakti Pumps (India) Chairman's Speech > Engineering - Heavy > Chairman's Speech from Shakti Pumps (India) - BSE: 531431, NSE: SHAKTIPUMP
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Shakti Pumps (India)

BSE: 531431|NSE: SHAKTIPUMP|ISIN: INE908D01010|SECTOR: Pumps
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Chairman's Speech (Shakti Pumps (India)) Year : Mar '18

CHAIRMAN’S MESSAGE

galvanizing ‘collective action’ towards greater solar energy adoption. This requires global multi-factor coalitions, to come together with enormous amount of will, favorable policies and the ability to use solar resources. Several participating countries are interested in scaling solar pumping, street lighting and solar roof-top programs. A need-assessment questionnaire, developed for solar water pumping system (SWPS) and solar street lighting system (SSLS), has been circulated to all participating and ISA signatory countries. ISA is pursuing price discovery tender for aggregated demands (globally/continent-wise) for 500,000 solar pumps. Shakti is also looking to export solar pumping solutions in global markets like Africa, Asia, etc.

To continue our global expansion programs, Shakti incorporated its subsidiary in China and is about to commence Bangladesh with the prime objective of exports of solar and energy efficient pumps. Also, to source some non-value added raw materials from China. Shakti is in the process to strengthen its relationship with existing dealers and appoint new partners for future growth in other geographies.

We are pleased to suggest 20% (of Profit) dividend to the shareholders of Rs. 3.70 per share (37% of face value).

To add one more feather to our cap, the company has commissioned a fully automatic plant named electronic and control with the help of Japanese technology, having the production capacity of 100,000 VFD per year. This product has already been launched in Raipur, yielding to a good performance. The company is inclined to move towards solar inverters and starters.

Looking ahead, the future of the industry is more keenly focused on the word ‘solar’. Technological changes, awareness of effective use of electricity, increase in literacy, industrialization and governments’ support have contributed towards an increase in the share of the organized sector.

In conclusion, with an urge to succeed, we continually innovate and introduce new products and pumping solutions that satisfy the market’s needs. Quality is the key in all SHAKTI products. This compels the company to focus on and design with special care while selecting materials and production methods. We use advanced fabrication technology and manufacture most of the components in-house to ensure higher quality standards and performance. We believe, we are better placed today than ever before to garner the immense growth opportunity in our industry.

Sincerely,

Dinesh Patidar,

Chairman & Managing Director

Source : Dion Global Solutions Limited
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