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10-01-2024 03:13 PM | Source: Accord Fintech
Shakti Pumps zooms on getting patent for `Surface Helical Pump Construction with Collinear Flow`

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Shakti Pumps (India) is currently trading at Rs. 1106.15, up by 36.85 points or 3.45% from its previous closing of Rs. 1069.30 on the BSE.

The scrip opened at Rs. 1084.95 and has touched a high and low of Rs. 1132.50 and Rs. 1050.05 respectively. So far 13667 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1224.65 on 20-Oct-2023 and a 52 week low of Rs. 388.70 on 27-Mar-2023.

Last one week high and low of the scrip stood at Rs. 1132.50 and Rs. 995.05 respectively. The current market cap of the company is Rs. 2036.61 crore.

The promoters holding in the company stood at 56.22%, while Institutions and Non-Institutions held 0.80% and 42.98% respectively.

Shakti Pumps (India) has received a patent for inventing 'A Surface Helical Pump Construction with Collinear Flow'. 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 is the 10th Patent that the company has secured. This innovation tackles a prevalent issue in centrifugal pumps by maintaining consistent water flow even when the RO membrane faces blockages. 

This breakthrough design elevates efficiency, reduces maintenance costs by minimizing the need for frequent membrane changes, and presents an economically attractive solution for the RO industry. Its energy efficiency not only leads to cost savings but also contributes to reducing carbon footprint, aligning with environmental sustainability goals. Overall, Shakti Pumps' patented technology signifies a significant leap in fluid technology, offering specialized solutions and reinforcing its status as an industry-leading innovator. 

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