Crompton Greaves Consumer Electricals received a ₹100.68 crore order from MEDA for 4,500 solar water pumps under the PM-KUSUM scheme. With a 13% YTD decline, the stock rose after the announcement.
On Friday, the share price of Crompton Greaves Consumer Electricals declined by 1.96% on opening as Indian equity markets opened lower on geopolitical tensions. The stock price jumped over 1% from its opening price as the company bagged a significant order. As of 9:30 am IST the stock was trading at ₹342.70 per share, down by 0.32%. On a year-to-date basis, the stock has declined over 13% while in the last month it has recovered by 2.61%.
Crompton Greaves Consumer Electricals Ltd., a trusted leader in India’s pumps industry, has achieved a landmark milestone in its green energy journey by securing its largest-ever order in the solar water pump segment.
Crompton Greaves Consumer Electricals Limited has announced the receipt of a significant order from the Maharashtra Energy Department Agency (MEDA).
The order pertains to the design, manufacture, supply, transport, installation, testing, and commissioning of a total of 4,500 Off-grid Solar Photovoltaic Water Pumping Systems (SPWPS). These systems are to be deployed at various locations across the State of Maharashtra, falling under the MNRE Component-B of the PM-KUSUM scheme. The total work order value, excluding Goods and Services Tax (GST), is ₹100.68 crores. The company is expected to complete the work within 90 days from the date of issuance of the work order.
Mr. Rajat Chopra, Business Head – Home Electricals & Pumps at Crompton Greaves Consumer Electricals Ltd., commented, “We are delighted to have received the Letter of Award from MEDA for 4,500 Solar Photovoltaic Water Pumping Systems under the PM-KUSUM scheme. This milestone not only marks our largest solar pump order to date but also reflects our ongoing commitment to delivering reliable and high-performance pumping solutions tailored to the needs of farmers across India. The order reinforces confidence in Crompton’s product excellence, long-lasting performance, and robust service network. It further strengthens our position as a trusted partner in driving solar-powered irrigation forward. At Crompton, we remain focused on enabling clean energy access for farmers while ensuring seamless execution backed by quality, innovation, and strong after-sales support.”
Check historical movements and daily trends in the Crompton Greaves share price.
In the quarterly results for March 2025, the company reported a consolidated revenue from operations of ₹2,061 crore, reflecting a year-on-year growth of 5.10% compared to ₹1,961 crore in March 2024. The profit after tax stood at ₹172 crore, marking a 29.32% increase over ₹133 crore in the same quarter last year.
For the full year ending March 2025, the consolidated revenue from operations rose to ₹7,864 crore from ₹7,313 crore in the previous year, representing an annual growth of 7.53%. The profit after tax for the year reached ₹564 crore, showing a 27.60% rise from ₹442 crore in March 2024.
Crompton Greaves Consumer Electricals Limited is one of the leading consumer companies in India with a 75+ years old brand legacy. It is an independent company under professional management and have 2 business segments – Lighting and Electrical Consumer Durables. We market our products under the “Crompton” brand name in India and select export markets.
Disclaimer: The article is for informational purposes only and not investment advice.
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