Crompton Greaves Consumer Electricals Limited has informed the Exchange regarding a press release dated Jun 13, 2025, titled "Press Release - Receipt of an Solar Pumps order".
CROMPTON · price
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Crompton Greaves Consumer Electricals has won its largest-ever solar pump order, valued at over ₹101 crore (excluding GST), from the Maharashtra Energy Development Agency (MEDA). The turnkey contract covers the design, manufacture, supply, installation, testing and commissioning of 4,500 off-grid solar photovoltaic water pumping systems (SPWPS) across Maharashtra under Component-B of the PM-KUSUM scheme. It also includes a five-year comprehensive maintenance contract. The company highlighted that the order strengthens its position in the fast-growing solar submersible pump market and reflects confidence in its product quality and service network.
Positive for the stock in the short term — the order reinforces Crompton's leadership in solar irrigation pumps and adds to its order book, though the ₹101 crore size represents only a small portion of its overall annual revenue. The five-year maintenance contract provides earnings visibility beyond the initial supply phase.