Business Update17 Sept 2026, 03:44 pm
Captain Polyplast Secures ₹47 Cr Solar Pump Order from MSEDCL
AI Summary
Captain Polyplast Limited has announced receiving an order worth approximately ₹47 Crores (including GST) from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for 2,000 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS). The scope of work includes design, manufacture, supply, installation, testing, and commissioning of these systems, along with a 5-year warranty and remote monitoring. The installation is to be completed within 60 days of the work order. This order, part of the PM Kusum B scheme, strengthens Captain Polyplast's position in the solar EPC segment and enhances its near-term revenue visibility.
Key Highlights
- Received order worth ₹47 Cr for 2,000 solar water pumping systems.
- Order awarded by Maharashtra State Electricity Distribution Company Limited.
- Scope includes supply, installation, and 5-year maintenance.
- Strengthens company's solar EPC order book and revenue visibility.
- Project to be completed within 60 days of work order.
Price Impact
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