Shakti Pumps has carried out ground breaking ceremony for the Booster Pump manufacturing unit on August 3, 2011. The company’s new manufacturing unit adjacent to the existing unit spread across 65,500 square feet will be operational by December 31, 2011 with annual capacity of 40,000 pumps.
The company has proposed to invest Rs 40 crore in this project, out of which equity component of Rs 18.75 crore already has been invested from IFCI Venture Capital (under Green India venture Fund), while, Rs 10 crore in each has been sanction from State Bank of India and Punjab National Bank as term loan.
Further, this facility will add new products to company’s portfolio and help it enter new market segment with highest margin. The facility is expected to add Rs 12 crore and Rs 56 crore in FY12 and FY13 respectively.
Company Name | CMP |
---|---|
KSB | 4685.00 |
Elgi Equipments | 604.65 |
Dynamatic Tech | 7689.00 |
Kirloskar Pneumatic | 1320.00 |
Ingersoll Rand | 4647.90 |
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