Australian Premium Solar Secures Letter of Empanelment for Solar Water Pumping Systems from MSEDCL
Australian Premium Solar (India) Limited has received a Letter of Empanelment (LOE) from the Maharashtra State Electricity Distribution Company Limited (MSEDCL), a Government of Maharashtra Undertaking. This contract involves the supply, installation, and commissioning of Off-Grid Solar Photovoltaic Water Pumping Systems (SPWPS) for identified farmer sites across Maharashtra.The contract signifies a significant development for the company, expected to enhance its customer base and contribute positively to its profitability.
The awarded contract details reveal a substantial scope of work. The total commitment involves 5,000 systems, with an approximate value exceeding ₹ 100 Crore.
Key details of the order from MSEDCL are outlined below:
| Particulars | Details |
|---|---|
| Entity Awarding Contract | Maharashtra State Electricity Distribution Company Limited (MSEDCL) |
| Contract Type | Supply, Installation and Commissioning of Off-Grid Solar Photovoltaic Water Pumping Systems (SPWPS) |
| Contract Location | Identified farmer sites in the district of Maharashtra |
| Total Quantity | 5,000 Systems |
| Approximate Commercial Value | More than ₹ 100 Crore |
| Order Status | Domestic entity |
| Related Party Involvement | No |
The LOE confirms that the company has no interest in the entity that awarded the order, nor does the contract fall under related party transactions. The execution period for the order will be managed according to the specified terms of the contract.
APS Stock Price Movement
Today, Australian Premium Solar (India) Limited shares rallied to close at ₹353.60, posting a substantial 5.73% gain. The stock saw significant activity in the market, trading on a volume of 35,500 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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