Roto Pumps Bags Order Worth Rs 14.40 Crore from GPS Renewables

Roto Pumps announced on Friday that it has secured a significant purchase order valued at Rs 14.40 crore from GPS Renewables. The order pertains to the supply of progressive cavity pumps for biogas plants. The company confirmed receiving a total of twelve orders amounting to Rs 14.40 crore, with deliveries scheduled to be completed within the current financial year in phased stages.

Roto Pumps specializes in manufacturing screw pumps and pump parts, including progressive cavity pumps (PCP), twin screw pumps (TSP), and retrofit parts. In their latest financial report, the company reported a consolidated net profit increase of 15.1% to Rs 12.64 crore, supported by a 13.9% rise in net sales to Rs 81.93 crore for Q4 FY24 compared to Q4 FY23.

The purchase order from GPS Renewables marks a significant business development for Roto Pumps, underscoring their role in the supply chain for biogas infrastructure. The company's ability to secure multiple orders totaling Rs 14.40 crore reflects confidence in their product quality and delivery capabilities. With the supply slated to be completed within the current fiscal year, Roto Pumps aims to bolster its market position in the industrial pumping sector.

Roto Pumps' product portfolio includes a range of pumps designed for various industrial applications, highlighting their expertise in progressive cavity and twin screw pump technologies. The company's latest financial performance underscores steady growth, with notable increases in both net profit and sales for the fourth quarter of fiscal year 2024.

News by Rahul Yelligetti