Captain Polyplast Secures ₹47 Cr Solar Pump Order from MSEDCL
Captain Polyplast Limited received an order worth ₹47 Crore from MSEDCL for 2,000 solar pumps under the PM KUSUM B scheme. The company aims to complete installation within 60 days. This is CPL's largest single solar EPC order to date.
The order value of ₹47 Crore is material for the company, contributing to revenue visibility and strengthening its position in the solar EPC segment. However, it does not represent a transformative change in the company's overall business or market position.
The company has secured a substantial new order, which is its largest single solar EPC order to date, indicating positive business development and growth potential.
Captain Polyplast Limited (CPL) has received a significant order valued at approximately ₹47 Crore (including GST) from Maharashtra State Electricity Distribution Company Limited (MSEDCL). The order entails the design, manufacture, supply, installation, testing, and commissioning of 2,000 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) under the PM KUSUM B scheme.
The installation is to be completed within 60 days from the date of issuance of the Notice Inviting Tender (NTP) or Work Order or Joint Site Readiness (JSR) approval. This domestic order marks CPL's largest single solar EPC order to date and strengthens its position in the government-driven solar EPC segment, enhancing order book visibility and supporting the company's growth in solar pumping solutions.
Mr. Ritesh Khichadia, Whole Time Director of Captain Polyplast Limited, expressed delight, stating, "We are delighted to receive this order from MSEDCL for 2,000 solar pumps worth ₹47 Cr - our largest single solar EPC order to date. This order reflects the growing confidence that MSEDCL and the broader government ecosystem continue to place in our solar EPC execution capabilities."
He further added, "Solar water pumping is a high-priority segment under the PM-KUSUM scheme, and we have been steadily building our capabilities to capture opportunities of this scale. We remain committed to delivering quality solutions on time and creating sustainable value for all our stakeholders. With a strong distribution network, favourable policy tailwinds, and a rapidly expanding solar EPC order book, we are well-positioned to accelerate our growth trajectory in the years ahead."
In the fiscal year 2026 (Consolidated), Captain Polyplast Limited reported a Total Income of ₹419.75 Crore, EBITDA of ₹46.32 Crore, and a Net Profit of ₹27.26 Crore.
What to do with a filing like this
Captain Polyplast Limited filed this with the NSE as a statutory disclosure, categorised under new orders. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Captain Polyplast Limited. Read the original for the full detail.