Solar pumps getting interest from all state governments, says Shakti Pumps

In an interview to CNBC-TV18, Akhilesh Maru, CFO, Shakti Pumps (India) spoke about the demand for solar pumps and latest happenings in his company.In FY17, solar contribution stood at 55 percent, he said.

He also mentioned that solar pump is getting interest from all state governments.According to him, total tender size for solar projects is around Rs 5,000-7,000 crore. On exports front, he said that they are not reducing their exposure to exports.

“The problem was as we exited from a few of our Gulf markets and diversified to other areas, it is taking time to establish ourselves because Gulf was a 20 year old market and other new markets are just two years old market. It will also pick up,” added Maru.

Last year export and domestic contribution was 25:75 percent, he mentioned.

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