Solar-powered pumps can bring long-term savings on electricity and diesel costs, facilitate sustainable farming and ultimately reduce farm power subsidy bills.
FPOs can set up small solar power plants with a capacity of up to 2 MW under the PM-KUSUM scheme, and the power generated can be purchased by distribution firms.
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Synopsis
Solar pumps and motor manufacturer Shakti Pumps gave multibagger returns over the past year. The company, benefiting from the shift to renewable energy, is aiming for INR5,000 crore revenue by 2025. There are some positives, but there are also some pertinent questions on how it will achieve this ambitious target. Besides, has the stock already peaked?
“The big money is not in the buying or the selling, but in the waiting.” Charlie Munger, American billionaire and investor. Charlie Munger and Warren Buffett, co-workers at Berkshire Hathaway, have both been proponents of the virtue of patience. In the world of value investing, patience rewards in the long run. And that’s exactly what helped investors in Adani Green Energy pocket manifold returns. Those tracking the stock market closely would
Infineon to Foster Local Entrepreneurship in Green Agriculture
Friday, January 15, 2021 4:20PM IST (10:50AM GMT)
In collaboration with Startup India on Motor Drive Design Challenge for solar pumps
Bangalore, Karnataka, India: Infineon Technologies, a world leader in semiconductors, today announced the commencement of its ‘Infineon Solar Pump Motor Drive Challenge 2021 initiative to encourage affordable and reliable solar powered irrigation systems for farmers – design and manufactured locally. Organized in collaboration with Startup India, AGNIi - housed under Invest India; and in partnership with Avnet India, the program invites the industry, SMEs and Startups to participate and compete for the best design in motor drive solution for solar pumps.