Crompton Greaves Consumer Electricals surges on acquisition of 4th Order for Solar Water Pumping Systems

Shares of Crompton Greaves Consumer Electricals surged after the company secured its 4th order for Solar Water Pumping Systems from HAREDA.

The order encompasses the supply, installation, and commissioning of 7.5 HP DC, 10 HP AC, and 10 HP DC solar photovoltaic water pumping systems, amounting to over Rs 9 crore. The company noted that the total orders received from HAREDA now stand at Rs 65.6 crore.

Advertisement

Additionally, Crompton has attained a letter of empanelment for 2,500 solar pumping systems in Maharashtra, with 500 systems from MSEDCL (Maharashtra State Electricity Distribution Co) and 2,000 systems from MEDA (Maharashtra Energy Development Agency).

The stock gained 1.32% to reach ₹268.40 as of 1:09 pm on NSE.

Furthermore, the company announced the receipt of another letter of empanelment for 1,000 solar pumping systems in Rajasthan from the Commissionerate of Horticulture, Rajasthan. The cumulative value of the received letters of empanelment reached Rs 85 crore.