Latteys Industries Limited, a NSE-listed manufacturer of solar submersible pumps, has marked 2024 as a year of significant progress. The company has secured several major orders, reinforcing its presence across India and advancing its role in the country’s renewable energy initiatives.
Latteys Industries: Key achievements in 2024
In March 2024, Latteys Industries achieved a breakthrough by securing a Rs. 30 crore project under the PM-KUSUM scheme. The order, awarded by the Rajasthan Horticulture Department, involves the supply, installation, testing, and commissioning of 1,000 off-grid solar photovoltaic water pumping systems. This contract includes a five-year warranty and maintenance agreement, further demonstrating the company’s focus on long-term, sustainable solutions.
Later in the year, the company expanded its portfolio with additional orders. In September 2024, Latteys received OEM contracts worth Rs. 3 crore for solar submersible pumps under the Kusum Yojana. During the same month, it also secured an export order valued at Rs. 1.5 crore, reflecting its growing global presence. By November and December, the company had added state-level contracts worth Rs. 3.025 crore from governments in Jharkhand and Maharashtra.
Latteys Industries has consistently demonstrated its capability to meet the growing demand for renewable energy solutions, with its total confirmed orders for the year reaching Rs. 37.525 crore plus GST. Beyond these achievements, the company continues to expand its reach, gaining empanelment for installations in key states such as Madhya Pradesh, Gujarat, Maharashtra, and Uttar Pradesh, while exploring opportunities in untapped markets.
Promoter Kapoor Chand Garg expressed satisfaction with the company’s progress, stating, “Our performance this year reflects our commitment to delivering quality solutions that align with India’s renewable energy goals. We remain focused on innovation and sustainability as we scale new heights.”
Founded in 2004, Latteys Industries operates a state-of-the-art facility in Gujarat, producing 1,80,000 pumps annually. With a robust product portfolio catering to agricultural, industrial, and domestic needs, the company is a trusted name in the solar pump segment, supporting India’s transition to green energy solutions.
