New Launch15 May 2025, 04:41 pm
Crompton Greaves Consumer Electricals Expands Manufacturing Capacities with Greenfield Project and Solar Rooftop Focus
AI Summary
Crompton Greaves Consumer Electricals Ltd. is significantly expanding its manufacturing capacities and product capability through a greenfield project, with an estimated cost of Rs. 350 Crore in Phase 1. This strategic move is aimed at strengthening its long-term growth and supply chain ecosystem, in line with the Crompton 2.0 strategy. The company is also focusing on expanding its presence within the rapidly growing solar rooftop market, targeting a TAM of Rs. 20,000 Crore. The specifics of the location and progress will be announced in due course.
Key Highlights
- Crompton Greaves Consumer Electricals announces a greenfield project with an estimated cost of Rs. 350 Crore
- The project aims to strengthen long-term growth and supply chain ecosystem
- Company is expanding presence in the rapidly growing solar rooftop market
- Target Addressable Market (TAM) for solar rooftop is Rs. 20,000 Crore
- Specifics of the location and progress will be announced in due course