Crompton bags additional Rs 65 Cr solar pump order from MSEDCL
CROMPTON · price
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On the reaction day the stock moved 1.5 pts less than Nifty Smallcap 250 and 1.4 pts less than its Household Appliances peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Crompton Greaves Consumer Electricals received an additional order worth about Rs 64.99 Crore (excluding GST) from Maharashtra State Electricity Distribution Company Limited for 3,000 off-grid DC solar water pumping systems under the PM-KUSUM-B scheme in Maharashtra. This follows a prior empanelment dated July 2, 2026. Work must be completed within 60 days of the notice to proceed. The contract covers supply, installation, 5-year warranty and remote monitoring. No promoter or related party interest is involved.
Order is small at under 1 percent of annual revenue, so limited direct stock impact. Mildly positive for the solar pumps business segment.