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Awaiting price reaction for this filing.
Captain Polyplast Ltd has received a Letter of Acceptance (LOA) from Dakshin Gujarat Vij Company Limited, empanelling it as a vendor under Component-B of the PM-KUSUM scheme in Gujarat. This allows the company to supply off-grid standalone solar photovoltaic water pumping systems aimed at reducing farmers' dependence on grid power and diesel. The development is part of CPL's diversification beyond its core micro irrigation business into the solar EPC vertical. For FY25, the company reported Total Income of ₹289.77 Cr, EBITDA of ₹35.11 Cr, and Net Profit of ₹31.32 Cr on a consolidated basis. The company also plans to commission a new 70,000 sq. ft. plant in Ahmedabad in Q1 FY26 to boost manufacturing capacity.
Positive for shareholders — the empanelment opens a new government-backed revenue stream, strengthens CPL's solar EPC business, and supports its diversification strategy. Likely to generate positive short-term market sentiment due to validation from a national clean-energy scheme.