Announced Thu, 2 Jul · 13:07 IST
Crompton wins Rs 29.77 Cr solar pump order from MSEDCL
CROMPTON · price
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Price reaction · full curve 14 horizons · vs prior close
-0.3%1-day move
₹270.75
prior close
₹272.80
base price
In-mkt
timing
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AI summary
Crompton Greaves Consumer Electricals received an order worth about Rs 29.77 Crores (excluding GST) from MSEDCL for 1,397 off-grid DC solar photovoltaic water pumping systems under the PM KUSUM-B scheme. The work covers design, manufacture, supply, installation, testing and commissioning across Maharashtra, with 5 years warranty and remote monitoring. Execution within 60 days of notice to proceed.
Likely market impact
Adds around Rs 30 Cr to revenue; small but positive contribution to the solar pumps business from a state government order.