Crompton Greaves Consumer Electricals Ltd has secured an additional order worth ₹64.99 crore from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the supply of 3,000 solar water pumping systems. This allocation follows a previous Letter of Empanelment and Rate Contract received on July 2, 2026, reinforcing the company's presence in Maharashtra's renewable energy infrastructure under the MTSKPY/PM-KUSUM-B scheme. The contract scope encompasses design, manufacture, supply, transport, installation, testing, and commissioning of Off-grid DC Solar Photovoltaic Water Pumping Systems (SPWPS), including a five-year warranty and remote monitoring system.

Order Details and Execution Timeline

The order is domestic in nature and must be executed within 60 days from the date of the issue of the Notice to Proceed (NTP) or the work order. The total value of ₹64.99 crore excludes GST. Kaleeswaran Arunachalam, Chief Financial Officer, confirmed that neither the promoter, promoter group, nor group companies hold any interest in MSEDCL, and the transaction does not qualify as a related party transaction.

Key Contract Parameters

Crompton Greaves Consumer Electricals Ltd has appointed Sachin Phartiyal as Business Unit Head- Home Electricals, designated as Senior Management Personnel, effective July 2, 2026. The leadership restructuring is part of the company's Crompton 2.0 journey aimed at strengthening capabilities and fostering long-term growth. The changes were approved by the Board of Directors based on the recommendation of the Nomination and Remuneration Committee.

Leadership Changes

The reshuffle involves several key executives. Mr. Rajat Chopra, formerly Business Unit Head – Home Electricals & Pumps, will transition to the role of Group Sales & Service Head (GSSH). Mr. Anand Kumar N, previously Group Sales & Service Head, has been designated as Business Unit Head – Kitchen Appliances, encompassing Small Domestic Appliances and Large Kitchen Appliances. Additionally, Mr. Anand Kumar will oversee the Pumps PL.

Consequent to these changes, Mr. Ketan Chaudhari, PL Head – Small Domestic Appliances, will cease to be classified as Senior Management Personnel of the company effective July 2, 2026. This change is due to a modification in the reporting structure, where Mr. Ketan Chaudhari will now report to Mr. Anand Kumar N. The company clarified that there is no change in his role, responsibilities, designation, or terms of employment.

Profile of New Appointee

Mr. Sachin Phartiyal brings nearly three decades of experience in consumer durables and electricals. He previously served as CEO & Executive Director at Torrent Electricals Ltd. from 2024 to 2026. His career includes leadership roles at Crompton Greaves Consumer Electricals Limited and over a decade at Whirlpool of India Ltd. He holds a B.Sc. from C.C.S. University, Meerut, and a postgraduate degree in Management.

Summary of Appointments