Latteys Industries Secures ₹187.39 Crore Off-Grid DC Solar Pumps Project Approval

Latteys Industries has secured approval for a major off-grid DC solar pumps project worth ₹187.39 crores, marking a significant milestone in the company's renewable energy portfolio. The project is scheduled for completion by December 2026, providing the company with a substantial revenue opportunity over the next few years.

Project Details

The approved project focuses on off-grid DC solar pumps, which are essential for agricultural and rural water supply applications where grid connectivity is limited or unavailable. These systems provide sustainable water pumping solutions powered entirely by solar energy.

Market Position

With a current market capitalization of ₹121 crores, this project approval represents a significant business development for Latteys Industries. The project value of ₹187.39 crores exceeds the company's current market capitalization, highlighting the substantial scale of this opportunity.

Solar Energy Segment

The approval reinforces Latteys Industries' position in the renewable energy sector, particularly in solar-powered water pumping solutions. Off-grid DC solar pumps are increasingly important for agricultural applications and rural water supply systems, where traditional grid-connected solutions may not be feasible or cost-effective.

The December 2026 completion timeline provides the company with a multi-year project execution period, allowing for systematic implementation and revenue recognition over the project duration.