attached herewith company press release for receipt of order
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Captain Polyplast Ltd has received a Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for supply of 200 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) of 3HP, 5HP and 7.5HP capacities, valued at approximately ₹5.97 Crores including GST. The order falls under the central government's PM Kusum B Scheme 'Magel Tyala Saur Krushi Pump' Yojana, with installation to be completed within 60 days of work order issuance and the empanelment valid for one year. This adds to the company's recent DGVCL empanelment in Gujarat, expanding its solar EPC presence to two of India's largest solar pump markets. For context, Captain Polyplast reported FY25 total income of ₹289.7 Cr and net profit of ₹31.32 Cr, making this order roughly 2% of annual revenue.
The order is modest in size relative to annual revenue (~2%) and is positive for sentiment as it reinforces the company's diversification into solar EPC and expands geographic reach, but unlikely to materially move the stock on its own.