Latteys Industries Limited has informed the Exchange about Bagging/Receiving of orders/contracts
LATTEYS · price
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Latteys Industries has received a Letter of Empanelment/Award from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for 7,369 Off-Grid DC Solar Photovoltaic Water Pumping Systems of 3 HP, 5 HP, and 7.5 HP capacities. The total contract value is approximately Rs. 187.39 Crores (exclusive of GST) and covers the entire state of Maharashtra. The work involves design, manufacture, supply, transport, installation, testing, and commissioning of these pumps. The order is part of the state government's Magel Tyala Saur Krushi Pump Yojana under the central PM-KUSUM B Scheme. Execution timeline is December 2026, and no promoter or group company interest is involved in the awarding entity.
This is a sizable government-backed order that could meaningfully expand Latteys' order book and provide multi-quarter revenue visibility through 2026. The government counterparty reduces payment risk, though execution capacity and margins will be key things to watch.