APS Secures MSEDCL Empanelment for ₹100 Crore+ Solar Water Pumping Systems
Australian Premium Solar (India) Limited (APS) has announced that it has received a Letter of Empanelment (LOE) from the Maharashtra State Electricity Distribution Company Limited (MSEDCL). The empanelment covers the supply, installation, and commissioning of Off-Grid Solar Photovoltaic Water Pumping Systems (SPWPS) across identified farmer sites in various districts of Maharashtra.The domestic order, which was awarded by MSEDCL, involves a total deployment of 5,000 Solar Water Pumping Systems with an approximate aggregate value exceeding ₹100 Crore.
The empanelment solidifies APS's position in the government-driven solar agricultural segment. Off-Grid Solar Photovoltaic Water Pumping Systems are vital for ensuring reliable, sustainable irrigation for farmers operating in areas with limited access to the main grid. By utilizing its end-to-end manufacturing and EPC capabilities, APS is positioned to execute this large-scale deployment efficiently.
Project Scope Details
The core details of the empanelment secured by APS are as follows:| Metric | Detail |
|---|---|
| Client Authority | MSEDCL (Government of Maharashtra Undertaking) |
| Systems Covered | 5,000 Solar Water Pumping Systems |
| Approximate Value | More than ₹100 Crore |
| Order Type | Domestic Order |
Strategic Importance for APS
Mr. Nikunjkumar Chimanlal Patel, Chairman and Executive Director of Australian Premium Solar (India) Limited, highlighted that the LOE from MSEDCL represents a significant milestone."The empanelment for 5,000 Off-Grid Solar Photovoltaic Water Pumping Systems, with an approximate value of more than ₹100 Crore, is a testament to our proven capability in delivering high-quality solar water pumping solutions," stated Mr. Patel.
He added that the order not only expands APS's customer base in Maharashtra but also reinforces the company’s commitment to promoting solar-powered agricultural solutions nationwide. He noted that government initiatives, such as PM-KUSUM, are rapidly developing the addressable market for solar agricultural infrastructure. APS stated that combining these order wins with expanding manufacturing capabilities provides a strong foundation to achieve targeted revenue guidance of 30-35% Compound Annual Growth Rate (CAGR) in the next three years.
Company Overview
Australian Premium Solar (India) Limited, established in 2013, is noted as a leading indigenous solar solutions provider. The company specializes in the manufacturing of Monocrystalline and TopCon solar modules, alongside offering comprehensive EPC services for diverse applications.Leveraging the founders' extensive international experience, APS develops and produces high-quality, locally manufactured solar products for residential, commercial, industrial, and agricultural markets. The organization holds ISO 9001 certification, adhering to stringent quality standards while partnering with esteemed firms to supply solar panels across critical industries.
APS Stock Price Movement
Shares of Australian Premium Solar (India) Limited are gaining ground, rallying 1.49% to ₹358.00 as of 12:24 PM, pushing the stock up ₹5.25 in live trading. The equity trades on robust momentum, with a total volume reaching 12,250 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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