Announced Wed, 8 Jul · 15:17 IST
Crompton Greaves bags extra Rs 64.99 Cr order from MSEDCL for solar pumps
CROMPTON · price
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Price reaction · full curve 14 horizons · vs prior close
-3.4%1-day move
₹268.25
prior close
₹259.30
base price
In-mkt
timing
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+0.2-0.1——-3.4-2.6-2.3-2.8-3.1-4.6————
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AI summary
Crompton Greaves Consumer Electricals has received an additional order worth about Rs 64.99 Crores from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for 3,000 off-grid solar water pumping systems across Maharashtra under the PM-KUSUM-B scheme. This is an extra allocation under the letter of empanelment received on July 2, 2026. Execution period is 60 days from issue of the notice to proceed. Domestic order with no promoter or related party interest.
Likely market impact
Modest order size versus Crompton's annual revenue, but strengthens its solar pumps portfolio under the government-backed PM-KUSUM-B scheme.