Award8 Jul 2026, 03:16 pm
Crompton Greaves Bags ₹64.99 Cr Solar Pumping System Order
AI Summary
Crompton Greaves Consumer Electricals Ltd has received an additional allocation and an award of contract from Maharashtra State Electricity Distribution Company Limited (MSEDCL). The order is for the design, manufacture, supply, transport, installation, testing, and commissioning of 3000 Off-grid DC Solar Photovoltaic Water Pumping Systems under the MTSKPY/PM-KUSUM-B scheme. The total order value is approximately ₹64.99 Crores (excluding GST). The execution period is within 60 days from the Notice to Proceed. This award signifies a significant business win for the company in the renewable energy sector.
Key Highlights
- Secured ₹64.99 Cr order from MSEDCL for solar water pumping systems.
- Order includes design, manufacture, supply, and installation.
- Project is under the MTSKPY/PM-KUSUM-B scheme.
- Execution to be completed within 60 days of NTP.
- No promoter interest in the awarding entity.
Price Impact
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