Core Announcement – Order Details
Awarding Entity: Maharashtra State Electricity Distribution Company Limited (MSEDCL)
Domestic/International Order: Domestic entity
Nature of Order/Contract:
Design, Manufacture, Supply, Transport, Installation, Testing and Commissioning of 2000 Off-Grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) of 3HP, 5 HP & 7.5 HP capacity at identified farmer's site in Districts of Maharashtra. Includes complete system warranty and its repair and maintenance and Remote Monitoring System (RMS) for 5 years under PM Kusum B Scheme "Magel Tyala Saur Krushi Pump" Yojana.
Order Value:
₹47 Crores approximately (including GST)
Materiality Context:
Described as the company's "largest single solar EPC order to date" that strengthens Captain Polyplast Limited's position in the solar EPC segment and represents repeat business from MSEDCL.
Execution Timeline:
Installation must be completed within 60 days from the date of issuance of NTP/Work Order/JSR approval.
Revenue Recognition / Billing Structure:
Not Specified
Key Terms & Payment Milestones:
Not Specified
Whether Related Party Transaction:
No
Promoter Group Involvement:
No promoter/promoter group/group companies have any interest in the entity that awarded the order.
Financial Implication:
The order enhances order book visibility and supports the Company's growth in solar pumping solutions. It strengthens the solar EPC order book and provides near-term revenue visibility.