Shares of Captain Polyplast Ltd had been buying and selling within the inexperienced and nearly 2% greater on 18 August after the corporate introduced securing a Rs 6 crore order from the Authorities of Maharashtra.
Captain Polyplast introduced in a inventory alternate submitting that it secured a Letter of Empanelment from the Maharashtra State Electrical energy Distribution Firm Restricted (MSEDCL). The corporate will provide, set up, and fee 200 Off-Grid DC Photo voltaic Photovoltaic Water Pumping Techniques, valued at Rs 5.97 crore (GST included), underneath the PM Kusum B Scheme – “Magel Tyala Saur Krushi Pump” Yojana.
The venture will serve farmers throughout Maharashtra with 3HP, 5HP, and seven.5HP pumps and features a five-year guarantee, upkeep, and distant monitoring. Captain Polyplast goals to finish the venture inside one yr, with installations completed inside 60 days of receiving the work order.
Specialising in agriculture options, Captain Polyplast designs and markets drip and sprinkler irrigation programs, pipes, filters, and equipment that promote water conservation and enhance crop yields. The corporate additionally supplies photo voltaic merchandise resembling pumps, heaters, and streetlights, together with water-soluble fertilizers. Moreover, underneath its Propel model, it manufactures polymers utilized in packaging, pipes, and movies. Past merchandise, Captain Polyplast installs irrigation programs and affords advisory providers to assist trendy farming practices.
At 3:30 pm, the shares of Captain Polyplast closed 0.14% greater at Rs 70.65 on BSE.
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