Deals18 Jul 2024, 03:11 am
Crompton Greaves Consumer Electricals Ltd Secures Rs. 44 Crore Solar Pump Orders
AI Summary
Crompton Greaves Consumer Electricals Ltd has announced that it has secured orders for 1,731 solar pumps from Maharashtra Energy Development Agency (MEDA) and Maharashtra state electricity distribution Co. Ltd. (MSEDCL). The combined value of these orders is approximately Rs. 44 Crores (Rupees Forty-Four Crores) excluding GST. The orders are for the design, manufacture, supply, transport, installation, testing & commissioning of Off-grid Solar Photovoltaic Water Pumping Systems (SPWPS) on Turnkey basis for irrigation purpose under MNRE Component-B of PM- KUSUM scheme.
Key Highlights
- Crompton Greaves Consumer Electricals Ltd has secured orders for 1,731 solar pumps from MEDA and MSEDCL.
- The combined value of these orders is approximately Rs. 44 Crores (Rupees Forty-Four Crores) excluding GST.
- The orders are for the design, manufacture, supply, transport, installation, testing & commissioning of Off-grid Solar Photovoltaic Water Pumping Systems (SPWPS) on Turnkey basis for irrigation purpose under MNRE Component-B of PM- KUSUM scheme.
- The orders are expected to be executed within 120 days from the date of issue of Notice to Proceed (NTP).
- This move is in line with the company's commitment to renewable energy and sustainable development.