Ahmedabad, January 9, 2026: Latteys Industries Limited announced that it has received a major order for the supply of 7,369 off-grid DC solar photovoltaic water pumping systems across Maharashtra, marking a significant addition to its renewable energy order book.
The order has been awarded by Maharashtra State Electricity Distribution Company Limited under the Magel Tyala Saur Krushi Pump Yojana and PM Kusum B Scheme, aimed at expanding solar-powered irrigation infrastructure across the state.
Order Details and Scope
The contract involves the design, manufacture, supply, transportation, installation, testing, and commissioning of off-grid DC solar water pumping systems. The pumps will be supplied in multiple configurations, including 3 HP, 5 HP, and 7.5 HP capacities, catering to varied agricultural requirements.The total order value stands at approximately Rs 187.39 crore, exclusive of GST, underscoring the scale of the project and its financial significance for the company.
Execution Timeline
The project is scheduled to be executed in phases, with completion targeted by December 2026. The deployment will cover the entire state of Maharashtra, supporting farmers with reliable and sustainable irrigation solutions while reducing dependence on conventional power sources.Share Price Snapshot
Shares of Latteys Industries Limited were trading higher in early trade on January 9, 2026, reflecting a positive market reaction to the company’s latest order win. The stock was quoted at ₹21.75, up ₹0.42 or 1.97 percent, as of 11:14 am IST.The stock opened at ₹21.75 against a previous close of ₹21.33, touched an intraday high of ₹21.75 and a low of ₹21.11. The volume-weighted average price (VWAP) stood at ₹21.68 during the session.
About the Company
Latteys Industries Limited is engaged in manufacturing and supplying pumping solutions with a growing focus on solar-powered systems for agricultural and infrastructure applications. The company is listed on the National Stock Exchange of India and operates manufacturing facilities in Gujarat, serving customers across multiple states in India.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.
The information provided is for general informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any securities. Readers are advised to rely on their own assessment and judgment and consult appropriate financial advisers, if required, before taking any investment-related decisions.