source avatarMarkets Today

Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy

#CROMPTON GREAVES SECURES ₹71.75 CRORE SOLAR PUMP ORDER FROM MSEDCL 🔹 Crompton Greaves Consumer Electricals Limited has bagged a significant order from Maharashtra State Electricity Distribution Company Limited (MSEDCL). 🔹 The contract is valued at approximately ₹71.75 crore (excluding GST) and involves a comprehensive "rate contract" for solar solutions. 🔹 The scope of work includes the design, manufacture, supply, installation, testing, and commissioning of 3,540 off-grid DC solar water pumping systems. 🔹 This project is part of the PM-KUSUM-B scheme (MTSKPY), aimed at providing energy security to farmers through solar-powered irrigation. 🔹 The solar pumping systems will be installed at various locations across the state of Maharashtra to support sustainable agricultural practices. 🔹 The company is expected to execute the entire order within 60 days from the date of the "Notice to Proceed." 🔹 This win strengthens Crompton’s presence in the renewable energy segment and follows previous solar contracts from MSEDCL earlier this year. 🔹 Market analysts view this as a positive revenue driver for the company’s Pumps division, which is a core part of its "Crompton 2.0" growth strategy. 🔹 Shares of the company remain in focus as it expands its footprint in high-growth government-backed infrastructure and green energy initiatives. #CromptonGreaves #MSEDCL #SolarEnergy #PMKusum #RenewableEnergy #StockMarketIndia #Maharashtra #GreenTech #SolarPumps

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.