This LoE is progressing very productively for Shakti Pumps, out of the 34,720 pumps’ LOE that they have received the first work order of 10,000 Pumps has been issued. Now these 10,000 pumps have to be installed within the next 60 days. This gives a nice visibility for the Q3 and Q4. As per the exchange filing, this order was directly influenced by farmer’s choice of Pump provider, and Shakti Pumps managed to sell these 10,000 units within a short time span of 1.5 hours. If true, it further strengthens my confidence in the company’s brand image and after sales service in the MH market.
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