Crompton Greaves Consumer Electricals shares rose 1.71% to ₹274 following the announcement of securing a significant domestic order from Maharashtra State Electricity Distribution Company (MSEDCL). The stock movement reflects positive investor sentiment towards the company's expansion into the renewable energy sector.
Crompton Greaves Consumer Electricals has secured a significant contract from the Maharashtra State Electricity Distribution Company (MSEDCL) for solar water pumping systems. According to reports from Business Standard, the company received an letter of empanelment and rate contract for comprehensive solar infrastructure development across Maharashtra. The contract, awarded under the MTSKPY/PM-KUSUM-B scheme, encompasses the design, manufacture, supply, transport, installation, testing, and commissioning of 1,397 off-grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) at various locations across Maharashtra.
The contract encompasses the design, manufacture, supply, transport, installation, testing, and commissioning of 1,397 Off-grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) under the MTSKPY/ PM-KUSUM-B scheme. As reported by Business Standard, the total order value is approximately ₹29.77 crore, representing a substantial contract for the electrical equipment manufacturer. The project includes a five-year warranty, maintenance and remote monitoring system (RMS) as part of the comprehensive service package. The order value excludes GST and includes a comprehensive scope of work, with the company responsible for complete system warranty, repair, maintenance, and remote monitoring system for a period of five years.
The order is to be executed within 60 days from the issuance of the Notice to Proceed (NTP) or work order, according to the contract details reported by Business Standard. The filing submitted to the exchanges confirms that the contract does not involve any related party transactions, ensuring transparency in the business arrangement. The disclosure confirms that there are no interests held by the promoter, promoter group, or group companies in MSEDCL, and the transaction does not qualify as a related party transaction. The project is strictly domestic in nature, with both the awarding entity and the scope of operations located within India.
The contract represents a significant win for Crompton Greaves Consumer Electricals in the renewable energy sector, particularly in the solar water pumping segment. As reported by Business Standard, this empanelment and rate contract establishes the company's position in Maharashtra's solar infrastructure development initiatives under the PM-KUSUM-B scheme. The order strengthens the company's presence in the renewable energy sector by addressing the agricultural pumping needs of the state. The intimation of this award was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, with Kaleeswaran Arunachalam, Chief Financial Officer signing the disclosure on July 02, 2026.
