Rs 2,400 crore order book & promoters’ gift 68,30,300 shares to 3 family-owned trusts: This multibagger company bags new patent for inventing Solar Flour Mill from GOI!
The stock gave multibagger returns of 170 per cent in just 1 year whereas BSE Sensex Index is up by 19 per cent.
Shakti Pumps (India) Limited, India's leading manufacturer of energy-efficient pumps and motors has received a patent for inventing " SOLAR FLOUR MILL". 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 9th patent that the company has secured.
This innovation tackles electricity shortages in rural regions, functioning independently through solar panels, cutting infrastructure expenses, and sparing users from grid electricity bills. Significantly, it aids farmers in generating additional income, aligning with national objectives, and featuring adaptable grinding technology for sustainable rural development. This stride signifies socio-economic progress, endorsing eco-friendly agricultural practices.
This unique Flour Mill operates on solar power, ideal for areas lacking electricity, notably rural regions or Remote areas. It saves travel for milling grains, reducing effort and pollution. It's beneficial for solar pump users seeking extra income, aligning to increase farmers' earnings and boost rural economies.
This initiative strongly supports 'Make in India,' fostering self-reliance (Atmanirbhar Bharat), and encourages local economies with Vocal for Local. Moreover, it significantly cuts down carbon emissions, contributes to India's 2030 energy goals and importantly, keeps money within village communities.
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, commercial and industrial applications. Its brand "Shakti" is well-received in the domestic and international markets.
Additionally, 3 promoters of the company transferred 68,30,300 shares by way of Gift to the 3 family-owned trusts. Details below: -
|
Name of Transferor
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Name of the Acquirer
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No. of Shares
|
% of Holding
|
|
Mr. Dinesh Patidar
|
Shakti Sons Trust
|
37,69,100
|
20.50
|
|
Mr. Sunil Patidar
|
Shakti Brothers Trust
|
15,62,200
|
8.50
|
|
Mr. Ankit Patidar
|
Shakti Future Trust
|
15,00,000
|
8.16
|
Recently, the company has bagged another work order under the KUSUM‐3 scheme from the Haryana Renewable Energy Department (HAREDA) for 6,408 pumps. The total amount of the work order worth Rs 258 crore. The order includes supply, installation & commissioning of solar water pumping systems and will be completed within 90 days. The company has a market cap of Rs 1,948 crore and as of September 2023, the company has an order book of Rs 2,400 crore.
Today, shares of Shakti Pumps (India) Ltd gained 4.28 per cent to Rs 1,059.75 per share with an intraday high of Rs 1,066.95 and an intraday low of Rs 1,008.2. The stock’s 52-week high of Rs 1,224.65 and its 52-week low of Rs 388.70. The shares of the company saw a spurt in volume by more than 3.13 times on BSE. The stock gave multibagger returns of 170 per cent in just 1 year whereas BSE Sensex Index is up by 19 per cent. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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