Crompton bags additional Rs 65 Cr solar pump order from MSEDCL
CROMPTON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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.