Crompton Greaves Secures Multiple Solar Water Pumping Contracts in Maharashtra and Madhya Pradesh
Crompton Greaves Consumer Electricals Limited has won two significant contracts for solar water pumping systems. In Maharashtra, the company received an order worth ₹49 crore from MSEDCL for 1,884 off-grid solar photovoltaic water pumping systems. In Madhya Pradesh, Crompton secured a ₹14.98 crore contract from MP Urja Vikas Nigam Limited for 452 similar systems. Both orders are part of the PM Kusum Scheme B, aimed at promoting solar energy in agriculture. The contracts include various pump capacities and come with implementation timelines and warranty periods.

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Crompton Greaves Consumer Electricals Limited (Crompton) has secured significant orders for solar water pumping systems in two states, further strengthening its position in the renewable energy sector.
Maharashtra Contract
Crompton received a Letter of Empanelment from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for an order worth approximately ₹49.00 crore (excluding GST). This contract involves:
- 1,884 off-grid solar photovoltaic water pumping systems
- Part of the PM Kusum Scheme B (Mangel Tyala Saur Krushi Pump Yojana)
- Systems in 3 HP, 5 HP, and 7.5 HP capacities
- 5-year warranty, maintenance, and Remote Monitoring System (RMS) implementation
- 60-day completion timeline
Madhya Pradesh Contract
In addition, Crompton has been awarded a contract by Madhya Pradesh Urja Vikas Nigam Limited, valued at approximately ₹14.98 crore (excluding GST). This order includes:
- 452 off-grid Solar Photovoltaic Water Pumping Systems
- Part of Component-B of the PM KUSUM B scheme (implemented as PM KrishakMitra Surya Yojana)
- Systems in 2HP, 3HP, 5HP, and 7.5HP capacities
- 120-day completion timeline
Strategic Importance
These orders significantly bolster Crompton's presence in the renewable energy sector, particularly in solar-powered agricultural solutions. They align with India's push towards sustainable energy practices in agriculture and showcase Crompton's capability in delivering large-scale solar projects across multiple states.
Disclosure and Compliance
Crompton has disclosed these contracts in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has confirmed that these contracts do not fall under related party transactions, and none of its promoter groups or group companies have any interest in MSEDCL or Madhya Pradesh Urja Vikas Nigam Limited.
These orders not only represent substantial business opportunities for Crompton but also contribute to the broader goal of promoting clean energy solutions in India's agricultural sector.
Historical Stock Returns for Crompton Greaves
1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
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+0.72% | +0.89% | -11.24% | -12.03% | -30.92% | +5.03% |