Tag Archives: Digital India

Shakti Pumps Fy 18 Profits up 60% to Rs 34.84 crore; Operating Profit up by 29% at 80.9 crore

 Newsroom24x7 Network

Mumbai: Shakti Pumps, a leading manufacturer of Energy Efficient stainless steel, Pumps and Solar Integrated Systems in India with exports to over 110 countries, today (18 May, 2018) reported total income of Rs. 440 crore for the year ended Mar 31, 2018 a 2% growth and Net Profit stands at Rs.34.84 crore a 60% growth.

Dinersh Patidar

Commenting on the results,  Dinesh Patidar, Chairman & Managing Director, Shakti Pumps Limited said, The results show that the company strategy is on course and has has announced 37% of Dividend (Of Face Value) which is around 20% of Profit.

Going forward we will continue to focus on Solar Projects by MNRE, State Govts, International Solar Alliance (ISA), NABARd, Etc and expand our export business by adding new new dealers/ distributors.
The announcements in the Union Budget making renewable energy a prime focus, especially solar energy, will benefit the Company. Also there is in an announcement of KUSUM Yojna which target to convert 17.5 lakh diesel pumps in near terms and all 30 mn agriculture pumps with Solar Pumps in next 10 years. KUSUM is an ambitious long term Scheme focusing on Solar Pumps and Solar Generation with initial outlay of Rs 50000 cr.


FY18 HIGHLIGHTS (CONSOLIDATED)

  • Total Income up by 2% at Rs.440 crores, compared to Rs 431 crore for the period ended Mar 31, 2018
  • EBIDTA up by 29% at Rs.80.92 crore as against Rs.62.55 crore for the period ended Mar 31, 2018
  • PAT up by 60% at Rs34.84crore as against Rs. 21.68crore for the period ended Mar 31, 2018
  • Exports up by 11% at Rs.130 crore as against Rs.117 crore for the period
  • Domestic sales down by 1% at Rs 303 cr as against 307 crores for year ended Mar 31, 2018

Recently the company launched an Indigenous Universal Drive SIMHA, from Raipur (CG) Which is one of the initiatives of the Company to Make in India and Digital India. This drive is the result of hard work for five years of R&D Wing. This mobile app supported solar controller is completely in-house manufactured.

Shakti Pumps also received recognition from Department of Scientific & Industrial Research, Ministry of Science & Technology (Govt of India) for In-house Research & Development Unit.

About Shakti Pumps (I) Limited

Shakti Pumps a leading company in the field of solar pumping solutions, renowned for producing stainless steel pumps, energy saving submersible motors, SRN booster pumps. Shakti is among the few pioneers in the world to produce 100% stainless steel pumps. The main focus of the company is to manufacture unmatched quality pumps with more energy efficiency, better longevity and easy maintenance facility.

An ISO 9001-2008 certified company; Shakti has a sprawling state of the art manufacturing facility with an installed capacity of 5lakh pumps per annum which is strategically situated in central India at Pithampur in the state of Madhya Pradesh, India.

Today Shakti is rubbing its shoulders with the best brands in the world with exports in around 110 countries with the number steadily growing. Shaktis product portfolio largely caters for applications like agriculture, irrigation, industrial applications and processes, pressure boosting in high rise buildings, rural/urban community water supply schemes, waste and sewage water treatments, fire-fighting and so on.

Shakti is equipped with high efficiency precision-equipments specialized in rolling out intricately designed and assembled superior quality products, from the facilities manned by highly skilled and talented manpower. A fully computerized testing division monitors the performance of every pump, thus maintaining consistency in quality. Its full-fledged R&D division is dedicated to research and development of innovative products with new materials, applications and processes.

Certificate wanted, says Modi to a jam-packed US audience

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modi SAP AddressCalifornia : Prime Minister Narendra Modi addressed a huge gathering of 18,500 strong audience which had gathered to listen to the Indian PM. Modi gave an hour-long address in his usual interactive style and forced the audience to roar a cheer. Chants of “Modi, Modi” rose as the Prime Minister entered the SAP Center and also frequently during his speech. For those who couldn’t be present inside the packed stadium, massive television screens were put up outside.
This was the last event in Modi’s agenda and marked the end of his two-day visit to Silicon Valley during which he also met tech giants and visited Facebook and Google.

Today after 16 months, I want a certificate from you. I had said I will not leave any stone unturned… to fulfill the responsibility I have been given by 125 crore people. Every moment of my life I will devote to work. Have I kept my promise, am I working hard?” the PM asked. So saying, he made yet another attack on the opposition Congress without naming it: “In our country, it doesn’t take much for allegations to come up against politicians… This person made Rs. 50 crore, that son made Rs. 250 crore, that daughter made Rs. 500 crore, someone’s damaad (son-in-law) made Rs. 1,000 crore…” Damaad is seen as a reference to Congress President Sonia Gandhi’s son-in-law Robert Vadra and his controversial land deals.

“Aren’t you sick of all of this? Aren’t you angry? My countrymen, I am standing in your midst. Is there any allegation against me?” the PM asked. “No,” said the audience in one voice. The PM’s speech was packed with context for his audience. “Did anyone think brain drain can become brain gain? This is not brain drain but brain deposit. When the opportunity comes, it will come to the service of Mother India – with Interest,” he said. “The magic of your fingers on the keyboard has given India a new identity. You are forcing the world to change,” he told his audience made up of many IT professionals. California has the largest population of non-resident Indians in the US, with a heavy concentration of them in the Bay Area.

The PM began the day with a Townhall at the Facebook headquarters, where, answering a question from Mark Zuckerberg, he broke down as he talked about the hardships his mother had endured while raising her family.He also visited the Google campus, where Google CEO Sundar Pichai announced 11 new languages on Android next month, including PM Modi’s mother tongue Gujarati. And, high-speed wireless internet service at 500 railway stations in India.

This brought to a conclusion, Modi’s addresses in his second US tour, during which he met world’s top tech chiefs, including India-born Satya Nadella of Microsoft and Mr Pichai, sharing his plans for Digital India. He now heads to New York, where he will meet US President Barack Obama.

PM Modi hard sells Digital India to top Tech CEOs

Newsroom24x7 Desk

modi silicon valleyA Silicon Valley Update : Prime Minister Narendra Modi made his presence felt at the much awaited and highly talked about address, wherein Modi got an opportunity to address the CEOs from various houses of Silicon Valley. The top rank professionals lent their ears to the aspiring Digital diehard of Indian Political fraternity, the numero uno himself – the pioneer of Digital India.

Modi met CEOs again in this address at the mecca of technology, the United States of America, and at the no-land called Silicon Valley, and shared his deepest vision about India today, tomorrow and in the times to come, in the wake of digital revolution and overall connect with the global leaders of digital societies.

Pitching his pet Digital India initiative with the titans of the IT world, Prime Minister Narendra Modi today promised to make governance more accountable and transparent while assuring data privacy and security. Speaking before a gathering of Silicon Valley CEOs, Modi announced plans to create more public Wi-Fi spots including 500 railway stations across India and an aggressive expansion of the National Optical Fibre Network to take broadband to 600,000 villages.

“As our economy and our lives get more wired, we are also giving the highest importance to data privacy and security, intellectual property rights and cyber security,” he said at a dinner interaction attended among others by Adobe CEO Shantanu Narayan, Microsoft CEO Satya Nadella and Qualcomm executive chairman Paul Jacobs and Google CEO Sunder Pichai.

“We will transform governance, making it more transparent, accountable, accessible and participative,” Modi said, adding that E-Governance is foundation of better governance efficient, economical and effective. In a nation of one billion cell phones, M-Governance or mobile governance has the potential to make development a truly inclusive and comprehensive mass movement. “It puts governance within everyone’s reach,” he said.

Modi said Digital India was born out of conviction that it was possible to rapidly transform the lives of people on margins and touch the lives of the weakest, farthest and the poorest citizen of India as also change the way our nation will live and work.

“We will connect all schools and colleges with broadband.Building I-ways are as important as highways,” he said.

“We are expanding our public Wi-Fi hotspots. For example, we want to ensure that free Wi-Fi is not only there in airport lounges, but also on our railway platforms. Teaming up with Google, we will cover 500 railway stations in a short time,” he said.

The government, he said, wants to free citizens from the burden of excessive paper documents in every office. “We want paperless transactions. We will set up a digital locker for every citizen to store personal documents that can be shared across departments,” he said.

Setting up of Ebiz portal has made approvals for businesses and citizens easy and efficient, technology is being used to impart scale and speed to development, he said.

Calling for bridging the digital divide and promote digital literacy, Modi said in the same way that we seek to ensure general literacy, technology must be accessible, affordable and value adding.

Prime Minister to Interact with Economists at NITI Aayog

Newsroom24x7 Desk

Prime Minister Narendra Modi
Prime Minister Narendra Modi

New Delhi, Feb. 3: Prime Minister Narendra Modi, who heads as chairman the newly constituted National Institution for Transforming India (NITI Aayog), will be meeting eminent experts and economists here on February 6.

Finance Minister Arun Jaitley will be conducting this meeting.

Eminent experts and economists invited for the meeting include Ashok Gulati, Bimal Jalan, G. N. Bajpai, Mukesh Butani, Nitin Desai, Parthasarathi Shome, Pulapare Balakrishnan, Rajiv Lall, R. Vaidyanathan, Rajiv Kumar Shankar Acharya, Subir Gokarn, Swaminathan Aiyer, T.N. Ninan, Vijay Kelkar and Dr. Y.V. Reddy. The meeting will also be attended by Vice Chairman, NITI Aayog Dr. Arvind Panagariya and full-time Members of NITI Dr. Bibek Debroy and Dr. V.K. Saraswat.

Minister of State (MoS) for Planning Rao Indrajit Singh and MoS (Finance) Jayant Sinha, Chief Economic Adviser to the Government Dr. Arvind Subramanian and senior officials from PMO, Ministry of Finance and Niti Aayog would also attend the NITI meeting.

First Meeting of the Governing Council of NITI Aayog

Another important meeting called by the Prime Minister on February 8 is the first meeting of the Governing Council of NITI.The Government of India Resolution Dated January 1, 2015 through which NITI has been set up provides for a Governing Council comprising the Chief Ministers of all States and Lt. Governors of Union Territories.

A core objective of NITI is to strengthen cooperative federalism. Hence the consultative meeting with State chief ministers and Lt. Governors that was convened by the Prime Minister on December, 7 last year has played an important role in shaping the objectives, functions and Structure of NITI.

The States have been asked to offer suggestions for the success of focussed initiatives of the Modi Government like the Swachh Bharat Mission, Make in India campaign, Beti Bachao Beti Padhao scheme, Smart Cities, Housing for All by 2022, Digital India, Skill India, and Pradhan Mantri Krishi Sinchayee Yojana.