Rajkot: Captain Polyplast Limited (CPL, BSE: 536974), one of the leading manufacturers and exporters of micro irrigation solutions, with a diversified presence in the solar EPC market, has announced the receipt of an order for 2,000 solar pumps under the PM-KUSUM B Scheme from Maharashtra State Electricity Distribution Company Limited (MSEDCL). The order has a value of ₹47 Cr, inclusive of GST.

The MSEDCL solar pump order strengthens Captain Polyplast Limited’s position in the solar EPC segment, enhances order book visibility, and supports the Company’s growth in solar pumping solutions under the PM-KUSUM scheme.

Captain Polyplast MSEDCL Solar Pump Order: Key Details

  • Awarded by: Maharashtra State Electricity Distribution Company Limited (MSEDCL)
  • Scope of work: Design, Manufacture, Supply, Installation, Testing and Commissioning of 2,000 Off-Grid DC Solar Photovoltaic Water Pumping Systems under the PM-KUSUM B Scheme
  • Nature of order: Domestic
  • Order value: ₹47 Cr (inclusive of GST)

Business Significance of the ₹47 Cr Solar EPC Order

The latest MSEDCL order further strengthens Captain Polyplast Limited’s presence in the government-driven solar EPC segment, with repeat and scaled-up orders validating the Company’s execution capabilities and solar pumping solutions.

With 2,000 solar pumps to be installed across identified farmer sites in Maharashtra, the order supports the Government’s focus on sustainable irrigation while meaningfully strengthening CPL’s solar EPC order book and near-term revenue visibility.

Favourable PM-KUSUM policy tailwinds and a growing pipeline of government tenders provide further scope for the Company to scale its presence in the solar EPC market and expand its solar pumping business.

Captain Polyplast on MSEDCL Order Win

Commenting on the ₹47 Cr order win, Mr. Ritesh Khichadia, Whole Time Director of Captain Polyplast Limited, said, “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. Having successfully executed previous orders from MSEDCL, we are well-equipped to scale up and deliver this order within the stipulated timelines.

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.”