Crompton Greaves Consumer Electricals Limited has informed the Exchange about Bagging/Receiving of orders/contracts
CROMPTON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Crompton Greaves Consumer Electricals Limited has received a letter of empanelment and rate contract from Maharashtra State Electricity Distribution Company Limited (MSEDCL). The order is for design, manufacture, supply, installation, testing and commissioning of 3,540 Off-grid DC Solar Photovoltaic Water Pumping Systems under the PM-KUSUM-B scheme across Maharashtra. The total order value is approximately Rs. 71.75 Crores (excluding GST). The execution timeline is within 60 days from the Notice to Proceed. This is a domestic government order with no related party involvement.
A positive development for Crompton as this government order strengthens its presence in the renewable energy/solar segment, though the order size represents a modest portion of annual revenue.