Shakti Pumps eyes Rs 2,000 cr topline in FY22 on significant demand revival

Solar water pump maker Shakti Pumps expects to more than double the topline to Rs 2,000 crore this fiscal on the back of more adoption of its products by farmers which is being driven by the heavy central and state subsidies that run up to 90 per cent. The company closed FY21 with a topline of Rs 930 crore, which was nearly three times its previous year revenue. Of the past year revenue, Rs 560 crore came in from solar engineering, procurement and construction (EPC) business (setting up the full unit) and Rs 180 crore from exports, Dinesh Patidar, chairman and managing director of Shakti Pumps NSE 1.64 % has said.