December 3, 2007

Shakti Pumps sings agreement with Andhra Pradesh Govt

Shakti Pumps India Ltd has informed that in view of threat of global warming and necessity to save nature by reducing Co2 gases from the earth, the Panchayat Raj Engineering & Rural Water Supply Department of Andhra Pradesh Government has entered into an agreement with the Company to purchase Energy Efficient Pumps. This will result into power saving up to 40% for the government of Andhra Pradesh due to the unique Energy Efficient feature of the Pumps.

Andhra Pradesh Government has considered that these Pumps can play an important role. In continuation of this process the Government has executed an agreement. The Government has also agreed to replace existing conventional pumps by Shakti's Energy Efficient Pumps.

The Company plans to approach all the state Government whereby the Company expects to boost up its revenue and profitability.

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