Financial Daily from THE HINDU group of publications
Saturday, Oct 29, 2005
Financial Daily from THE HINDU group of publications Saturday, Oct 29, 2005 |
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Corporate
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Announcements Shakti Pumps bags orders worth $1 m from Spain Our Bureau
Mumbai , Oct. 28 SHAKTI Pumps (India) Ltd has informed the BSE that it has received orders worth $1 million from Spain for submersible pumps. The order would be executed in the next two months. This was in line with the company's overall strategy of penetrating the European markets. The company also recently received an order of $3 million from Swiss Motors. The entire order is to be executed within one year. As per the order, the company will meet all the requirements of Swiss Motors and will supply close to Rs 3.5 crore worth pumps every quarter for the next four quarters. The first shipment has already been completed. The company is also closely working with the Government of Canada and the Madhya Pradesh Government for its ambitious `Gokul Gram' Project, which involves the use of company's submersible pumps that will save the State government close to Rs 200 crore every year in electricity costs. This pilot project is a joint effort by the Canadian Government and the MP Government represented by Econoler International and DISCOM respectively.
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