Awaiting price reaction for this filing.
Crompton Greaves Consumer Electricals has received its biggest-ever order in the solar water pump segment — a Letter of Award from Maharashtra Energy Development Agency (MEDA) valued at over ₹101 crore (excluding GST). The order covers design, manufacture, supply, installation, and commissioning of 4,500 off-grid solar photovoltaic water pumping systems across Maharashtra under Component-B of the PM-KUSUM scheme, along with a five-year maintenance contract. Crompton participated in tenders across four states (Haryana, Maharashtra, Rajasthan, Madhya Pradesh) and is already operational in three of them. The order reinforces the company's position as a trusted player in sustainable irrigation solutions and supports India's clean energy goals.
This is a material order win (~₹101 Cr) backed by a government agency, which provides revenue visibility and low collection risk. The five-year maintenance contract adds a recurring revenue stream. Positive sentiment signal for the stock, strengthening Crompton's growth narrative in the fast-expanding solar pumps segment.