Crompton Greaves Consumer Electricals Limited has informed the Exchange about Awarding of order(s)/contract(s)
CROMPTON · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Crompton Greaves Consumer Electricals has received a Letter of Award from Madhya Pradesh Urja Vikas Nigam Limited, a state government entity, for installing 452 off-grid Solar Photovoltaic Water Pumping Systems (SPWPS) with capacities of 2HP, 3HP, 5HP, and 7.5HP. The total work order value is approximately Rs. 14.98 crore (excluding GST). The project falls under Component-B of the central government's PM KUSUM B scheme, being implemented in Madhya Pradesh as the PM KrishakMitra Surya Yojana. The order must be completed within 120 days from the issuance of the work order. This is a domestic order with no related party involvement.
While this is a positive win in the solar water pumping segment for Crompton, the order size of Rs. 14.98 crore is modest relative to the company's overall revenue base (multi-thousand crore range), so the immediate stock price impact is likely to be limited. However, it strengthens Crompton's presence in government-backed solar irrigation projects and could lead to follow-on orders under the PM KUSUM scheme.