Shakti Pumps India Ltd receives 8th patent

Shakti Pumps (India) Limited (herein referred to as "Shakti Pumps"), India's leading manufacturer of energy‐efficient pumps and motors has successfully obtained its 8th patent for its ground‐breaking pump design for inventing a " HELICAL PUMP ASSEMBLY". The Patent Office, Government of India, has awarded Shakti Pumps this patent, fully adhering to the provisions set forth in the Patents Act of 1970. This patent is set to maintain its validity for duration of 20 years, commencing from the date of filing.

This pioneering pump represents a significant breakthrough, precisely engineered for efficient pumping at elevated pressures, promising an economically viable solution that propels pump technology into a new era. Here is a summary of the key benefits and significance of this patented system:

Efficiency Redefined:

The patented positive displacement pump stands out as a game‐changer, particularly in solar applications. Boasting an exceptional efficiency in fluid pumping, it promises to reduce solar panel requirements by 50% in drinking water applications. This reduction not only translates into cost savings but also addresses the critical issue of optimizing land space, offering a sustainable solution to one of the challenge facing the renewable energy sector.

Innovative Operational Features:

One of the standout features of this ground‐breaking pump is its adaptability, featuring an early start in the morning and a late run during the evening. This unique functionality optimizes its performance by aligning with peak sunlight hours, making it a versatile and efficient component in harnessing solar energy.

Versatility for Remote Locations:

A key advantage of Shakti Pumps' Positive Displacement Pump is its suitability for installation in remote locations where grid electricity is not available. These characteristic positions the pump as a reliable and sustainable solution for areas off the conventional power grid, unlocking possibilities for applications in isolated regions and underserved communities. Moreover, its applicability in wildlife sanctuaries and forested regions aligns with Shakti Pumps' visionary goal of developing technology to meet the unique needs of such environmentally sensitive areas.

Vision for Inclusive Development:

The overarching vision behind the development of this innovative pump is to provide a sustainable solution for rural areas grappling with water scarcity, as well as to contribute to the conservation efforts in wildlife sanctuaries and forested regions. Shakti Pumps envisions this technology as a catalyst for inclusive development, bringing essential resources to those in need while minimizing the environmental impact.

Shares of Shakti Pumps (India) Limited was last trading in BSE at Rs. 993.80 as compared to the previous close of Rs. 994.85. The total number of shares traded during the day was 2514 in over 433 trades.

The stock hit an intraday high of Rs. 1006.00 and intraday low of 991.10. The net turnover during the day was Rs. 2510303.00.

Source : Equity Bulls

Keywords

ShaktiPumpsIndia INE908D01010 8thPatent