Captain Polyplast Wins 500 Solar Pump Order From MSEDCL

21 May 2026 CW Team

The order is expected to validate the company's capability to deliver large-scale solar pumping solutions to farmers and to enhance revenue visibility in the solar pump segment. It also contributes to a more diversified business mix and aligns with national policy initiatives promoting solar water pumping.

The whole time director said the award reflected trust by government utilities in the company's solar EPC work. He noted the company had been building execution capabilities to capture such opportunities. Management said it remained committed to timely delivery and creating sustainable value for stakeholders.

Captain Polyplast, established in 1997, specialises in manufacturing and exporting micro-irrigation equipment and leverages over 25 years of experience with manufacturing facilities in Rajkot and Kurnool. The firm has a distribution network across 16 states and exports to markets in Africa, Latin America and the Middle East. In recent years the company diversified into the solar EPC segment, focusing on solar water pumping systems and rooftop solar solutions.

The Ahmedabad plant spans about 70,000 sq. ft. and will improve manufacturing efficiency and profitability by enabling in-house production of critical components and improving capacity utilisation. The company has partnered with Indian Oil Corporation Limited for polymer product marketing in Gujarat, strengthening its portfolio. Management aims to increase commercial sales and exports to optimise working capital while expanding the domestic and international footprint.

In FY25 on a consolidated basis the company reported total income of Rs 2.8977 bn, EBITDA of Rs 351.1 mn and a net profit of Rs 313.2 mn. The filing noted that certain statements were forward-looking and subject to risks and uncertainties including government actions and economic developments.

Captain Polyplast has received an order for 500 solar pumps under the PM KUSUM B scheme from MSEDCL, with an aggregate order value of Rs 118 mn inclusive of GST, the company announced from Rajkot on 18 May 2026. The contract represents a meaningful addition to the company's solar EPC order book. The order is expected to validate the company's capability to deliver large-scale solar pumping solutions to farmers and to enhance revenue visibility in the solar pump segment. It also contributes to a more diversified business mix and aligns with national policy initiatives promoting solar water pumping. The whole time director said the award reflected trust by government utilities in the company's solar EPC work. He noted the company had been building execution capabilities to capture such opportunities. Management said it remained committed to timely delivery and creating sustainable value for stakeholders. Captain Polyplast, established in 1997, specialises in manufacturing and exporting micro-irrigation equipment and leverages over 25 years of experience with manufacturing facilities in Rajkot and Kurnool. The firm has a distribution network across 16 states and exports to markets in Africa, Latin America and the Middle East. In recent years the company diversified into the solar EPC segment, focusing on solar water pumping systems and rooftop solar solutions. The Ahmedabad plant spans about 70,000 sq. ft. and will improve manufacturing efficiency and profitability by enabling in-house production of critical components and improving capacity utilisation. The company has partnered with Indian Oil Corporation Limited for polymer product marketing in Gujarat, strengthening its portfolio. Management aims to increase commercial sales and exports to optimise working capital while expanding the domestic and international footprint. In FY25 on a consolidated basis the company reported total income of Rs 2.8977 bn, EBITDA of Rs 351.1 mn and a net profit of Rs 313.2 mn. The filing noted that certain statements were forward-looking and subject to risks and uncertainties including government actions and economic developments.

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