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Shakti Pumps (India) gets advance worth $6 million from EXIM bank

27 Sep 2022 Evaluate

Shakti Pumps (India) has received advance worth $6 million from Export?Import Bank of India (EXIM bank) on behalf of the Government of Uganda represented by the Ministry of Water and Environment for supplying solar?powered water pumping system. The company will begin the project execution from October 2022. The company was awarded a contract in the month of March 2021 from the Government of Uganda for supply of solar powered water pumping systems at a contract price of $35.30 million exclusive of VAT. 

Shakti Pumps (India) is a specialist in the manufacture of a broad range of submersible pumps and motors for a variety of applications.

Peers
Company Name CMP
Kirloskar Brothers 1595.55
Elgi Equipments 511.75
Shakti Pumps (India) 386.90
KSB 682.30
Oswal Pumps 219.45
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