Crompton Greaves Consumer Electricals Limited has informed the Exchange about Awarding of order(s)/contract(s)
CROMPTON · price
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Awaiting price reaction for this filing.
Crompton Greaves Consumer Electricals has received a Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for supplying 1,884 off-grid solar water pumping systems of 3 HP, 5 HP and 7.5 HP capacities. The total work order value is approximately Rs. 49 Crores (excluding GST). The work includes design, manufacture, supply, installation, testing, commissioning and 5 years of repair and maintenance, to be completed within 60 days of work order issuance. The order is part of the Mangel Tyala Saur Krushi Pump Yojana / PM KUSUM Scheme B, a central government initiative for farmers. The order is from a domestic government entity, with no related party interest involved.
This is a modest, government-backed order that adds to Crompton's order book in the solar/agricultural segment but is not large enough to materially move the stock. It signals continued participation in PM KUSUM scheme opportunities but is unlikely to drive a meaningful re-rating on its own.