Captain Polyplast Receives ₹8 Cr Solar Pump Order from MSEDCL

Captain Polyplast Limited (CPL, BSE: 536974), is one of the leading manufacturers and exporters of micro irrigation solutions, and has diversified its operations into the burgeoning solar EPC segment, has received an order from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the supply of 300 Standalone Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) under the PM Kusum B Scheme.

The order valued at ₹8.17 Cr (including GST) marks a significant step for the company under the "Magel Tyala Saur Krushi Pump" Yojana, involving the supply and installation of 300 off-grid solar water pumping systems within 60 days. This order is in addition to the earlier order of 200 off-grid solar water pumping systems received at the time of empanelment. The order is set to support the company's growth momentum and contribute positively to its long-term business outlook.

Commenting on the new order for solar pumps Mr. Ritesh Khichadia, a Whole Time Director of Captain Polyplast Limited said, "We had got empanelled with MSEDCL last quarter with initial order for 200 pumps. The additional order for 300 pumps highlights our execution capabilities in the solar pumps segment. With the PM Kusum scheme driving large-scale adoption of clean irrigation technologies, we see significant opportunities ahead. This order fits well with our long-term strategy of expanding in sustainable solutions, and we are confident that it will contribute meaningfully to our growth momentum and future outlook."

Shares of Captain Polyplast Ltd was last trading in BSE at Rs. 72.73 as compared to the previous close of Rs. 74.00. The total number of shares traded during the day was 42623 in over 193 trades.

The stock hit an intraday high of Rs. 75.80 and intraday low of 71.90. The net turnover during the day was Rs. 3138193.00.

Source : Equity Bulls

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