company has received order from MAHARASHTRA STATE ELECTRICITY DISTRIBUTION COMPANY LIMITED WORTH Rs.5.97 crores.
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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 has received a Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited (MSEDCL), a state government entity, for 200 off-grid DC solar water pumping systems. The order is worth approximately Rs. 5.97 crores (including GST) and falls under the central government's PM Kusum B Scheme – 'Magel Tyala Saur Krushi Pump' Yojana. The empanelment is valid for one year, with installation of each pump required within 60 days of work order issuance. This follows a similar recent empanelment from DGVCL in Gujarat, giving the company a foothold in two of India's largest solar pump markets as it expands its solar EPC vertical.
Positive for the company's newly diversified solar EPC business and demonstrates execution capability in government-backed solar pump projects. However, the order value is small at roughly 2% of FY25 consolidated total income of Rs. 289.7 crores, so direct revenue impact is modest — the bigger significance lies in market access and future repeat orders under the PM Kusum scheme.