NSEBagging/Receiving of orders/contracts1d ago · 17 Sept 2026, 03:50 pm
Bagging/Receiving of orders/contracts
Captain Polyplast Limited · CPL
✦ AI Summary▲ PositiveOrder Win
Captain Polyplast Limited has received an order from Maharashtra State Electricity Distribution Company Limited for 2,000 solar pumps under the PM KUSUM B scheme, valued at ₹47 Cr (inclusive of GST).
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Earnings Impact8/10
Growth Catalyst9/10
Governance Concern1/10
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Balance Sheet Risk1/10
Liquidity Impact9/10
Market Sentiment8/10
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Captain Polyplast Limited has informed the Exchange about Bagging/Receiving of orders/contracts
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Date: 17.09.2026
To, To,
Department of Corporate Services The Manager
Listing Department Listing Department
BSE Limited, National Stock Exchange of India Limited,
Phiroze Jeejeebhoy Towers Dalal Street ‘Exchange plaza’, C – Block – G
Mumbai—400001 Bandrakurla Complex, Bandra (East)
Mumbai – 400051
BSE Script Code: - 536974 NSE Symbol: CPL
Subject: Disclosure under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements)
Regulations, 2015 (‘Listing Regulations’) – Award of Order
Dear Sir,
Pursuant to Regulation 30 of the Listing Regulations, we wish to inform that the Company has received
order from Maharashtra State Electricity Distribution Company Limited for 2000 Off-Grid DC Solar
Photovoltaic Water Pumping Systems (‘SPWPS’). The total value of 2000 SPWPS is Rs. 47 Crores approx
(including GST).
In this respect, information as required under the Listing Regulations and the SEBI Master Circular No.
SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024 are provided under Annexure ‘A’.
Further, please also find enclosed Press Release dated September 17,2026 in this behalf, being issued
by the Company for dissemination to the public. You are requested to take the same on records.
This is for your information and record.
FOR CAPTAIN POLYPLAST LIMITED,
R DK a emh vic e rah s ja h bd b hi h aa a i i DDOPcS3RLDF8 a o oh EI eiN aDg 2o e c xR a t:i .na a aeit s2 I tCa efA t:4 . oi P8l 5== L1 o2l nf.y D1 N 0I4 nc 9: N d. :2s 5U Fe6 I 7i, y62 eg 5 Mc a EO c o.= 0n d m 0B3 u d=e 4 83 91E r idP0c e .t t, s1o2d R h 8e b ie3P 7ref g=r y b7 c Vs o2 n1 a4d aKo s2 i e5un5e 6tn 3 rh :td a g01 5 sa 2 hi lbc 0 5i8l C3 ol o,3e o:h 1 4 3r noT87a c 4a 9:o=75dd ad + 2f 144e ti7 d, 0a i 154= to7 6 5C . h6e 2R 3c n7 'i 3b5 N .6e s 26a h0bd e0 =, m 'de62 70 Kd or6 ae e0f c0 hds 0 5 u9 iedh c, m5 5b hb cS83 ah e5c =8dna d6 3G iti 8b a3 D 9u0 2 Rej9e 3 a29 cav rfa0m6r 1a 1t3b, ej , 03 b s4ah h84a b67i 5h 4 8b a6a i ca D7a e76 v68 rb3 ab1 jfbc f hai
RAMESHBHAI D. KHICHADIA
(MANAGING DIRECTOR)
DIN: 00087859
ANNEXURE A
Disclosure under SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024
S.N. Particulars Details
1 Name of the entity awarding the Maharashtra State Electricity Distribution
order(s)/contract(s) Company Limited
2 Whether order(s) / contract(s) have been domestic entity
awarded by domestic/ international
entity
3 Significant terms and conditions of Design, Manufacture, Supply, Transport,
order(s)/contract(s) awarded, in brief 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, including 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.
4 Time period if any, associated with the The Installation is be completed within 60
order(s)/contract(s) days from the date of issuance of NTP/
Work Order/ JSR approval.
5 road commercial consideration or size of Rs. 47 Crores approx. (including GST)
the order(s)/contract(s)
6 Whether the promoter/ promoter group No
/ group companies have any interest in
the entity that awarded the order(s)/
contract(s)? If yes, nature of interest and
details thereof
7 Whether the order(s)/contract(s) would No
fall within related party transactions? If
yes, whether the same is done at “arm’s
length”
FOR CAPTAIN POLYPLAST LIMITED,
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RAMESHBHAI D. KHICHADIA
(MANAGING DIRECTOR)
DIN: 00087859
Captain Polyplast Limited Strengthens Solar EPC Order Book with ₹47 Cr Order
for 2,000 Solar Pumps from MSEDCL
Rajkot – 17th September, 2026: 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, is pleased to announce the
receipt of an order for 2,000 solar pumps under the PM KUSUM B scheme from Maharashtra State Electricity
Distribution Company Limited (MSEDCL), with an order value of ₹47 Cr (inclusive of GST).
The MSEDCL 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.
Order at a Glance:
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 PM Kusum B Scheme
Nature of order: Domestic
Order value: ₹47 Cr (inclusive of GST)
Business Significance:
This order from MSEDCL further strengthens Captain Polyplast Limited’s presence in the government-driven solar EPC
segment, with repeat and scaled-up orders validating its execution capabilities and solar pumping solutions. With 2,000
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 segment.
Commenting on the order win Mr. Ritesh Khichadia, a 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.”
About Captain Polyplast Limited
Captain Polyplast Limited is one of the leading players in the micro-irrigation industry, specializing in the manufacturing
and export of equipment for a diverse range of agricultural applications. Established
in 1997, the Company leverages over 25 years of expertise and operates manufacturing facilities in Rajkot (Gujarat) and
Kurnool (Andhra Pradesh). It has built a strong distribution network spanning 16 states across India and exports to
markets in Africa, Latin America, and the Middle East.
In recent years, CPL has diversified into the fast-growing solar EPC segment, focusing on solar water pumping systems
and rooftop solar solutions, supported by strong government initiatives such as the PM-KUSUM scheme. The Company
has also partnered with Indian Oil Corporation Limited (IOCL) for polymer product marketing in Gujarat, further
strengthening its business portfolio.
The Ahmedabad plant, which has now commenced operations, spans ~70,000 sq. ft.
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