company has received order worth Rs. 11.80 crores from Maharashtra State Electricity Distribution Limited for 500 SPWPS. Press release for the same is attached herewith.
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Captain Polyplast Limited has received an order worth Rs. 11.80 crore (including GST) from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for 500 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS). The systems range from 3HP to 7.5HP capacity and will be installed at farmers' sites across Maharashtra districts under the PM-KUSUM B scheme. The order includes design, supply, installation, testing, commissioning, and 5-year remote monitoring and maintenance. Installation must be completed within 60 days. This represents about 4% of the company's FY25 consolidated revenue of Rs. 289.77 crore, making it a meaningful but not exceptionally large order.
This order adds to the company's solar EPC order book and provides revenue visibility in the government-backed solar pump segment, which aligns with national renewable energy policy. While positive, the order size represents only about 4% of annual revenue, so the stock impact is likely modest unless accompanied by other wins.