Announced Thu, 2 Jul · 13:09 IST
Order worth Rs 29.77 Crore received from MSEDCL for solar pumps
CROMPTON · price
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Price reaction · full curve 14 horizons · vs prior close
-0.3%1-day move
₹270.75
prior close
₹273.30
base price
In-mkt
timing
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AI summary
Crompton Greaves Consumer Electricals received an order worth about Rs 29.77 Crores from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for 1,397 off-grid solar water pumping systems under the PM-KUSUM-B scheme. Scope covers design, manufacture, supply, installation and 5 years maintenance across Maharashtra. Execution within 60 days of notice to proceed. Domestic order, no related party interest.
Likely market impact
Small order from a state utility under a central government solar pump scheme; positive for the solar pumps segment but immaterial to overall business size.