Australian Premium Solar Receives Solar Water Pumping Systems Empanelment

Mumbai, May 20: Australian Premium Solar (India) Ltd said it has received a Letter of Empanelment (LOE) from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for supply, installation and commissioning of Off-Grid Solar Photovoltaic Water Pumping Systems (SPWPS), according to an exchange filing.

The company stated that the empanelment covers installation of 5,000 solar water pumping systems at identified farmer sites across Maharashtra.

As per the regulatory disclosure, the total estimated order value is more than ₹100 crore. The company said the project involves supply, installation and commissioning activities under the government-backed solar infrastructure programme.

Australian Premium Solar further stated that execution timelines will be carried out as per the terms specified in the order.

The company clarified in the filing that the contract has been awarded by a domestic entity and does not involve related party transactions. It also confirmed that promoters or promoter group entities do not hold any interest in the awarding authority.

The disclosure was submitted under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Stock Market Snapshot

Australian Premium Solar share price remained in focus during the trading session following the disclosure of the MSEDCL empanelment.

According to exchange data, the stock was indicated at ₹352.75 in pre-open trade on May 20.

Market participants tracked the development closely as the project size exceeds ₹100 crore and strengthens the company’s order visibility in the renewable energy segment.

The announcement also reflects continued government-led demand for decentralised solar irrigation infrastructure across agricultural regions.

About Australian Premium Solar

Australian Premium Solar (India) Ltd operates in the solar energy and renewable infrastructure segment. The company is engaged in manufacturing and supplying solar photovoltaic modules and related energy solutions.

Its business operations include execution of solar projects linked to government and institutional demand across utility and agricultural applications.

The company has been expanding its presence in the solar water pumping and renewable infrastructure ecosystem through project execution and supply contracts.

Conclusion

The LOE from MSEDCL marks a significant order inflow for Australian Premium Solar, with the project value estimated at more than ₹100 crore for 5,000 solar water pumping systems.

The development is expected to strengthen the company’s execution pipeline and reinforce its positioning in the government-driven renewable energy infrastructure segment.

Source:

• https://www.nseindia.com/get-quote/equity/APS/Australian-Premium-Solar-(India)-Limited
• https://nsearchives.nseindia.com/corporate/APS_19052026105146_Regulation30LetterofAward.pdf