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CRI Pumps bags ₹150 cr. pump order from EESL

2 May, 2018 5:13 PM
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CRI Pumps, a fluid management solution provider, has bagged orders worth ₹150 crore from Energy Efficiency Services Limited (EESL) to replace 43,452 agricultural pumpsets in Andhra Pradesh with five star-rated energy efficient ones.

G. Soundararajan, vice-chairman of CRI Group, told The Hindu on Wednesday that the project taken up by EESL under the Agriculture Demand Side Management programme, jointly with the government of Andhra Pradesh, is to replace one lakh agriculture pumpsets at a total cost of ₹400 crore. Of this, CRI will replace the 40,000 pumps in four months. The programme aims to replace existing inefficient agriculture pumps with BEE five star rated energy efficient ones that have IoT enabled smart control panels. This is estimated to have the potential for 25% energy saving.

“There are 15 lakh agricultural pumpsets in Andhra Pradesh. The programme will replace one lakh pumpsets initially. We are one of the players and we have designed pumpsets specially for this project,” he said.

CRI Pumps had taken part in the pilot project in Maharashtra eight years ago. The EESL has plans to extend the programme to more States.

The company registered ₹1,850 crore turnover last fiscal and is looking at ₹2,600 crore this year. The target is to achieve ₹5000 crore turnover by 2022. At present 15 % of the turnover is from exports. By 2022, it will be 25% to 30%. “We are seriously investing in IoT research,” he added.

Source: thehindu.com

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