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Captain Polyplast to expand presence in Solar EPC segment; Stock rises 1%

There is order book of 1,500 KW which is expected to complete in FY22.

December 13, 2021 9:27 IST | India Infoline News Service
Captain Polyplast Ltd has provided an update to the exchanges on aggressive focus of the company in expanding presence in solar EPC segment in addition to its core business of micro irrigation.

Company said, "this foray into solar EPC segment complements company's focus on sustainable products / technologies and would help it participate in government's push for expanding renewable energy capacity in India by 175 GW till 2022."

Further, the company has successfully completed solar EPC projects with capacity of more than 3,400 KW across 700 customers and installed 300 solar pumps. There is order book of 1,500 KW which is expected to complete in FY22.

At around 9:28 AM, Captain Polyplast was trading at Rs25.70 apiece higher by 1.18% on the BSE.

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