Latteys Industries Limited Secures Rs 22 Crore Order for Solar Water Pumping Systems
Latteys Industries Limited has secured a significant new contract valued at Rs 22 Crores from Maharashtra State Electricity Distribution Company Limited. The order pertains to the design, manufacture, supply, transport, installation, testing, and commissioning of Off-Grid DC Solar Photovoltaic Water Pumping Systems.The agreement was awarded by the state entity, Maharashtra State Electricity Distribution Company Limited. This substantial contract involves a total value covering 994 pumps and is structured as a domestic transaction for Latteys Industries.
The execution timeframe for the order is set at within 180 days from the date of issuance of Work Order or Notice to Proceed (NTP). The company confirmed that there are no vested interests of any promoter group in the awarding entity, nor would the contract fall under related party transactions.
Key details regarding the order and the client are summarized below:
| Particulars | Details |
|---|---|
| Name of Entity Awarding Contract | Maharashtra State Electricity Distribution Company Limited |
| Nature of Order | Design, Manufacture, Supply, Transport, Installation, Testing and Commissioning of Off-Grid DC Solar Photovoltaic Water Pumping Systems |
| Broad Consideration/Order Size | The total value is around Rs 22 Crores (exclusive of GST) for 994 pumps. |
| Time Period for Execution | Within 180 days from the date of issuance of Work Order or Notice to Proceed |
| Contract Type | Domestic Entity |
LATTEYS Stock Price Movement
Shares of Latteys Industries Limited slipped by 0.05% today, settling at ₹20.99 in post-market trading. The stock saw a volume of 35,361 shares as the market closed its sessions.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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