Crompton Greaves Share Price in Focus; Secures ₹28.7 Crore Order from MSEDCL for Solar Water Pumping Systems

Crompton Greaves Consumer Electricals Limited has announced that it has been awarded an EPC contract by the Maharashtra State Electricity Distribution Company Limited (MSEDCL). 

The order relates to the supply and installation of solar water pumping systems across Maharashtra under government-linked schemes. 

The contract value stands at approximately ₹28.7 crore, excluding GST, and will be executed within the stipulated project timeline.

Details of the Order

The company has received a formal Letter of Award from MSEDCL for engineering, procurement and construction activity covering 1,214 Solar Photovoltaic Water Pumping Systems.

The total order value, excluding GST, is approximately ₹28,71,82,154. This includes design, manufacturing, supply, installation, testing and commissioning of the systems.

Contract Scope and Requirements

The project comes under the MTSKPY and PM-KUSUM schemes, which focus on supporting solar-based agricultural infrastructure. 

Crompton Greaves will deliver fully commissioned solar pumping units equipped with PV modules at multiple locations throughout Maharashtra. 

The order has been issued by a domestic public utility and does not classify as a related-party transaction.

Execution Timeline

The contract specifies that all systems must be completed within 60 days from the issuance of the Notice to Proceed or corresponding work order. The company has noted that the timeline is binding and forms part of the project conditions.

Crompton Greaves Consumer Electricals Share Price Performance

The share price of Crompton Greaves Consumer Electricals Limited stood at ₹253.00, up ₹1.50 (0.60%), with the day’s range recorded between ₹251.75 and ₹253.95.

Read More: GK Energy Secures ₹366.63 Crore Contract for Solar Pump Installations Across Maharashtra.

Conclusion

The order from MSEDCL adds to Crompton Greaves Consumer Electricals’ ongoing involvement in solar-linked infrastructure projects. While the contract supports state initiatives for renewable energy adoption, the company will focus on timely execution in line with regulatory and operational commitments.

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