Wins Rs. 47 Cr solar pump order from MSEDCL

Order Above 5pct RevenueGovt Defence OrderBusiness Updates View source PDF Explain this filing

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AI summary

Captain Polyplast has won a Rs. 47 Crore (inclusive of GST) order from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for 2,000 off-grid DC solar water pumping systems under the PM-Kusum B scheme. Work includes design, supply, installation, testing and commissioning with 5-year warranty and remote monitoring. Installation must be completed within 60 days. Management calls it the largest single solar EPC order to date, strengthening its position in the government-driven solar EPC segment. No promoter or related party interest in MSEDCL.

Likely market impact

Boosts solar EPC order book and near-term revenue. Order is about 11% of FY26 total income of Rs. 419.75 Cr, supporting growth in the solar segment.