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Latest news about Crompton Greaves

Crompton Greaves Secures ₹515.9 Million Solar Rooftop Order in Telangana Oct 08, 2025

Crompton Greaves Consumer Electricals Limited has won its first major contract in the solar energy sector, securing an order worth ₹515.90 million for supplying solar rooftop equipment in Telangana. The order includes solar modules, inverters, ACDB, and DCDB. This milestone marks the company's successful entry into the solar rooftop business, demonstrating its ability to compete in the renewable energy market and potentially opening new growth avenues.

Crompton Greaves Secures Rs 4.28 Crore Solar Water Pumping Contract in Madhya Pradesh Sep 20, 2025

Crompton Greaves Seeks Shareholder Approval for Strategic Board Appointment Sep 19, 2025

Crompton Greaves Appoints Sundaram Damodarannair as Non-Independent Chairman Sep 15, 2025

Crompton Greaves Shareholders Overwhelmingly Approve Alteration of Memorandum Object Clause Sep 12, 2025

More news about Crompton Greaves

12Sept 25

Crompton Greaves Secures Rs 4.76 Crore Solar Water Pumping Systems Order in Madhya Pradesh

Crompton Greaves Consumer Electricals Limited has received a Letter of Empanelment from Madhya Pradesh Urja Vikas Nigam Limited for supplying and installing 232 off-grid DC & AC Solar Photovoltaic Water Pumping Systems. The order, valued at approximately Rs 4.76 crore (excluding GST), is part of the PM KUSUM B scheme implemented as PM Krishak Mitra Surya Yojana in Madhya Pradesh. The project, to be completed within 120 days, includes systems with capacities ranging from 2 HP to 7.5 HP. This order aligns with the government's renewable energy initiatives for the agricultural sector.

02Sept 25

Crompton Greaves Secures ₹42.4 Million Solar Systems Order in Madhya Pradesh

Crompton Greaves Consumer Electricals Limited has won a contract worth ₹42.40 million from Madhya Pradesh Urja Vikas Nigam Limited. The order involves designing, manufacturing, and installing 159 Off-grid DC & AC Solar Photovoltaic Water Pumping Systems with capacities ranging from 2 HP to 7.5 HP. This project is part of the PM KUSUM B scheme, implemented as 'PM Krishak Mitra Surya Yojana' in Madhya Pradesh. The contract is to be executed within 60 days of work order issuance.

13Aug 25

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.

07Aug 25

Crompton Greaves Consumer Electricals Reports Q1 Results: Profit Dips Amid Challenging Market Conditions

Crompton Greaves Consumer Electricals Ltd. reported a consolidated net profit of ₹123.90 crore for Q1, down 18.7% from ₹152.35 crore last year. Revenue decreased 6.5% to ₹1,998.34 crore. Electric Consumer Durables segment saw declines in revenue and EBIT. Lighting Products and Butterfly Products segments showed slight improvements. The company maintained a strong material margin at 32.1% and secured a ₹101 crore solar pumps order from MEDA. Management cited unseasonal weather impacting cooling products but noted market share gains in various categories.

01Aug 25

Crompton Greaves Unveils State-of-the-Art NVH Lab to Boost Product Quality

Crompton Greaves Consumer Electricals Limited has opened an in-house Noise, Vibration, and Harshness (NVH) laboratory at its facilities. This new lab aims to improve product development, reduce turnaround time, accelerate innovation, and enhance user experience. The company expects this initiative to strengthen its position in the consumer electricals market and improve customer satisfaction by delivering quieter, more refined products across all categories.

23Jul 25

Crompton Greaves Consumer Electricals Launches New LED Products and Achieves Zero Debt Status

Crompton Greaves Consumer Electricals Limited has repaid its final tranche of Non-Convertible Debentures, transitioning to a zero-debt position. The company also introduced new B2C lighting products, Star VegaNXT 20W & 30W LED, to the domestic market. The debt repayment, totaling Rs. 300.00 crore in principal, completes the settlement of Rs. 2,125.00 crore initially borrowed for acquiring Butterfly Gandhimathi Appliances Ltd. CFO Kaleeswaran Arunachalam highlighted the company's strong cash flow generation and commitment to responsible capital allocation for sustainable growth.

23Jul 25

Crompton Greaves Achieves Zero Debt Status with Rs 300 Crore NCD Repayment

Crompton Greaves Consumer Electricals Ltd. (CGCEL) has repaid its final tranche of Non-Convertible Debentures worth Rs 300 crore, achieving a zero debt status. This marks the completion of their debt reduction plan, which involved settling all five scheduled tranches totaling Rs 2,125 crore, initially taken for acquiring Butterfly Gandhimathi Appliances Ltd. The zero-debt position is expected to reduce interest costs, improve cash flow, and enhance financial flexibility. CGCEL plans to maintain financial discipline and invest in sustainable growth initiatives.

13Jun 25

Crompton Greaves Secures ₹101 Crore Contract for Solar Water Pumping Systems in Maharashtra

Crompton Greaves has been awarded a Letter of Award from the Maharashtra Energy Development Agency for a ₹100.68 crore project. The contract involves designing, manufacturing, and installing 4,500 off-grid solar photovoltaic water pumping systems across Maharashtra as part of the PM-KUSUM scheme. The project is to be completed within 90 days, showcasing Crompton Greaves' expansion into renewable energy and its technical expertise in solar-powered solutions.

12Jun 25

Crompton Greaves Secures ₹100.68 Crore Contract for Solar Water Pumping Systems in Maharashtra

Crompton Greaves has won a ₹100.68 crore contract from the Maharashtra Energy Development Agency (MEDA) for 4,500 off-grid solar photovoltaic water pumping systems. The project, part of the PM-KUSUM scheme, involves design, production, and implementation across Maharashtra within 90 days. This initiative aims to reduce grid electricity dependence for irrigation, lower farmers' costs, and decrease carbon emissions. The contract highlights Crompton Greaves' growing presence in the renewable energy sector and its ability to secure large-scale government projects.

16May 25

Crompton Greaves Consumer Electricals Impresses Analysts with Strong Q4 Performance

Crompton Greaves Consumer Electricals reported strong Q4 results with revenue up 5%, EBITDA up 30%, and net profit up 23% year-over-year. Jefferies maintained a 'Buy' rating with a target price of Rs 485, while CLSA upgraded their stance with a new target of Rs 410. Analysts attribute growth to premiumisation strategy and new product launches. The company's improved profitability despite modest revenue growth indicates effective cost management and operational efficiency.

16May 25

Crompton Greaves Consumer Invests in Supply Chain Quality Enhancement

Crompton Greaves Consumer has announced a strategic investment to enhance its supply chain quality. The company aims to improve operational efficiency while maintaining a balanced sourcing approach, not fully shifting to an insourced model. This investment is expected to boost product quality, operational efficiency, and competitive advantage in the consumer electrical goods sector.

16May 25

Crompton Greaves Consumer Sets Ambitious Growth Targets for Butterfly Segment

Crompton Greaves Consumer Electricals Ltd has announced strategic growth plans for its Butterfly segment, targeting mid-teens growth over the next 3-5 years. The company aims for double-digit revenue growth and plans to increase EBITDA margins from 7.00%-7.50% to 8.00%-8.50% in the medium term. Long-term goals include achieving close to double-digit EBITDA margins within 3-5 years.

15May 25

Crompton Greaves Consumer Electricals Ltd: Q4 Profit Jumps 22.5%, Declares ₹3 Dividend

Crompton Greaves Consumer Electricals has reported impressive Q4 financial results with significant year-over-year improvements. Revenue increased by 5.1% to ₹2,060.60 crore, net profit rose by 22.5% to ₹169.50 crore, and EBITDA margin expanded to 12.8%. The ECD segment grew by 6% YoY, while the Lighting segment saw significant EBIT margin improvement. The company has recommended a dividend of ₹3.00 per equity share.

21Apr 25

Crompton Greaves Secures ₹106.00 Crore Solar Water Pump Order from MEDA

Crompton Greaves Consumer Electricals Ltd has received an order for 433 solar water pumps from the Maharashtra Energy Development Agency (MEDA), valued at ₹106.00 crore. This order highlights Crompton's expansion into renewable energy solutions and rural infrastructure development. It demonstrates the company's ability to secure government projects and diversify its product portfolio beyond traditional consumer electrical goods.

18Apr 25

Crompton Greaves Secures ₹10.60 Crore Solar Water Pump Order from MEDA

Crompton Greaves Consumer Electricals Ltd has received an order for 433 solar water pumps worth ₹10.60 crore from the Maharashtra Energy Development Agency. The order, part of the PM-KUSUM scheme, involves designing, manufacturing, and installing Solar Photovoltaic Water Pumping Systems across Maharashtra. Crompton's pumps feature rust-free stainless steel construction for durability and reliability. The company is expanding its operations across multiple states in India, reinforcing its position in the renewable energy sector.

28Mar 25

Crompton Greaves Expands Product Portfolio with New Air Coolers and LED Batten

Crompton Greaves Consumer Electricals Ltd. (CGCEL) has launched a new range of air coolers under three brands: Aura, Avancer, and Jedi, designed for various room sizes and featuring advanced cooling technologies. The company also introduced SAGITTA, a CRCA LED Batten, on March 28, 2025. The air coolers will be available through authorized retail outlets and e-commerce platforms nationwide.

06Mar 25

Crompton Greaves Consumer Electricals Sees Significant Block Trade on NSE

A significant block trade of 640,468 shares of Crompton Greaves Consumer Electricals Ltd. occurred on the National Stock Exchange, valued at Rs. 21.82 crores with a per-share price of Rs. 340.70. This transaction, likely involving institutional investors, highlights the liquidity of the company's shares and potential shifts in large stakeholder positions. Crompton Greaves, known for its range of electrical consumer durables, continues to be a focus for investors in the dynamic consumer electricals market.

21Feb 25

Crompton Greaves Unveils 'Techwithheart': Pioneering Smart, Energy-Efficient Solutions

Crompton Greaves Consumer Electricals Ltd. has introduced 'Techwithheart', a new initiative focusing on smart and energy-efficient technologies. The company has developed innovative platforms like NUCLEUS (BLDC technology) and XTECH for fans, expanded its range of energy-efficient and solar pumps, and received recognition for its sustainability efforts. Crompton maintains market leadership in fans and residential pumps, selling over 2 crore fans in FY24.

20Feb 25

Crompton Greaves Unveils 'TechWithHeart': A Leap Towards Smart, Energy-Efficient Living

Crompton Greaves Consumer Electricals Ltd. has introduced its 'TechWithHeart' initiative, focusing on innovative, energy-efficient consumer solutions. The company unveiled advanced fan technologies including the NUCLEUS BLDC platform and XTECH induction platform. Crompton also expanded its energy-efficient pump portfolio with 190+ BEE star-rated pumps and solar pumps. The initiative emphasizes indigenous development and sustainability, with Crompton receiving three National Energy Consumer Awards for its energy-efficient products.