company has received order worth Rs.27.69 crores from MAHARASHTRA STATE ELECTRICITY DISTRIBUTION COMPANY LIMITED for 1000 SPWPS. PRESS RELEASE FOR THE SAME IS ATTACHED HEREWITH
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Awaiting price reaction for this filing.
Captain Polyplast Ltd has received an order worth Rs.27.69 crores (including GST) from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for supplying 1000 Off-Grid DC Solar Photovoltaic Water Pumping Systems (3HP, 5HP and 7.5HP) under the PM KUSUM B scheme. Installation must be completed within 60 days of the work order, with a 5-year system warranty and remote monitoring included. This order is additional to the earlier 500 solar pumps order from MSEDCL in November 2025, taking the cumulative FY26 empanelment to 1,500 solar pumps. The order size is roughly 9-10% of the company's FY25 total income of Rs.289.7 crore.
This is a positive development — it strengthens the order book in the renewable energy/solar EPC segment and improves near-term revenue visibility. Back-to-back government orders from MSEDCL signal sustained demand under PM KUSUM B and demonstrate execution credibility, though investors should note the 60-day tight installation window and ongoing subsidy dependence in this segment.