Solar Pumps Penny Stock Hit Upper Circuit After Receiving Order of Rs 187.39 Crore from MSEDCL

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Solar Pumps Penny Stock Hit Upper Circuit After Receiving Order of Rs 187.39 Crore from MSEDCL

From Rs 13 (52-week low) to Rs 21.75 per share, the stock is up by 67.30 per cent.

On Friday, shares of Latteys Industries Ltd hit a 2 per cent Upper Circuit to Rs 21.75 per share from its previous closing of Rs 21.33 per share. The stock’s 52-week high is Rs 37.83 and its 52-week low is Rs 16.

Latteys Industries Limited, a prominent NSE-listed manufacturer specialising in energy-efficient Solar submersible pumps, has secured a significant domestic contract from the Maharashtra State Electricity Distribution Company Limited (MSEDCL). Under the PM-KUSUM Component B / Magel Tyala Saur Krushi Pump Yojana, the company has been empanelled to design, manufacture, supply, install and commission 7,369 Off-Grid DC Solar Photovoltaic Water Pumping Systems across the state of Maharashtra. This large-scale project involves the deployment of 3 HP, 5 HP and 7.5 HP pumps with a total order value of approximately Rs 187.39 crore (exclusive of GST). Latteys Industries is scheduled to complete the execution of this comprehensive installation and testing mandate by December 2026.

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About the Company

Established in 2004 and incorporated in 2013, Latteys Industries Limited is a prominent NSE-listed manufacturer specialising in energy-efficient water pumping and solar solutions. Based in GIDC Naroda, Gujarat, the company operates a state-of-the-art facility with an annual production capacity of approximately 1.6 to 1.8 lakh pumps, offering a vast portfolio of over 1,200 models that include submersible, solar AC/DC and specialised stainless-steel pumps.

Known for its strong domestic presence and a global export reach covering 30 per cent of its revenue, Latteys holds prestigious certifications such as UL, CE and BIS, with over 260 models achieving BEE 5-star ratings. The company boasts a market capitalisation of Rs 125 crore. From Rs 13 (52-week low) to Rs 21.75 per share, the stock is up by 67.30 per cent.

Disclaimer: The article is for informational purposes only and not investment advice.