Latteys Industries Secures ₹187.39 Crore Order for Solar Pumps in Maharashtra
Latteys Industries Limited received a ₹187.39 Crore order from Maharashtra State Electricity Distribution Company Limited for 7,369 solar water pumping systems. The project is part of the Magel Tyala Saur Krushi Pump Yojana and PM Kusum B Scheme, to be executed by December 2026.
The order value of ₹187.39 Crores is substantial and represents a significant new business win, likely to have a considerable impact on the company's financial performance.
The company has secured a large order, which is a positive development for its business and revenue prospects.
Latteys Industries Limited has announced receiving a significant Letter of Empanelment/Award from Maharashtra State Electricity Distribution Company Limited. This award is for the supply of 7,369 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) of 3 HP, 5 HP, and 7.5 HP capacities.
The project, which covers the entire state of Maharashtra, is part of the Magel Tyala Saur Krushi Pump Yojana and PM Kusum B Scheme. The total value of this order is approximately ₹187.39 Crores, excluding GST.
The scope of work includes the design, manufacture, supply, transport, installation, testing, and commissioning of these solar water pumping systems. The contract is with a domestic entity, and Latteys Industries has confirmed that neither promoters nor group companies have any interest in the awarding entity, and the transaction does not fall under related party transactions. The execution of this order is scheduled to be completed by December 2026.
What to do with a filing like this
Latteys Industries 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 high impact, which is the band that most often changes something.
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See the model portfoliosA plain-language summary of a public exchange filing by Latteys Industries Limited. Read the original for the full detail.