Crompton Greaves bags contract for solar-based water pumping system from MP Urja Vikas Nigam

The contract involves the installation of 197 off-grid solar photovoltaic water pumping systems under Component-B of the PM KUSUM B scheme, which is being implemented in Madhya Pradesh as the PM Krishak Mitra Surya Yojana.

The project's scope is comprehensive, including the design, manufacture, supply, transport, installation, testing, and commissioning of the off-grid DC and AC solar photovoltaic water pumping systems.

This domestic contract must be completed within 120 days from the date the work order is issued.

Crompton Greaves Consumer Electricals is one of the leading consumer companies in India with a brand legacy of over 75 years. It is an independent company under professional management, operating in two business segments: lighting and electrical consumer durables. We market our products under the ?Crompton? brand name in India and select export markets.

The company?s consolidated net profit tanked 19.4% to Rs 122.29 crore on 6.5% decline in revenue from operations to Rs 1,998.34 crore in Q1 FY26 over Q1 FY25.

The scrip rose 0.26% to currently trade at Rs 293.80 on the BSE.

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