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Crompton Greaves Consumer Electricals Ltd. ( (IN:CROMPTON) ) just unveiled an announcement.
Crompton Greaves Consumer Electricals Ltd. has secured a letter of empanelment and rate contract from Maharashtra State Electricity Distribution Company Ltd. to design, manufacture, supply, install, test and commission 3,540 off-grid DC solar photovoltaic water pumping systems across Maharashtra. The contract, valued at about Rs 71.75 crore excluding GST and to be executed within 60 days of the notice to proceed, strengthens Crompton Greaves’ presence in solar-powered agricultural infrastructure and aligns it with large-scale government initiatives under the MTSKPY and PM-KUSUM-B schemes, offering incremental revenue visibility without involving any related-party transactions.
More about Crompton Greaves Consumer Electricals Ltd.
Crompton Greaves Consumer Electricals Ltd. is an Indian consumer electricals company known for designing and manufacturing products such as lighting, pumps and related electrical systems for domestic and infrastructure applications. The company increasingly caters to energy-efficient and renewable-linked solutions, positioning itself to benefit from government-backed schemes in the power and agricultural sectors.
Average Trading Volume: 369,838
Technical Sentiment Signal: Sell
Current Market Cap: 159.8B INR
Learn more about CROMPTON stock on TipRanks’ Stock Analysis page.