Crompton Greaves Secures ₹4.24 Crore Solar Pump Order; Share Price in Focus

Crompton Greaves Consumer Electricals Limited informed the stock exchanges on September 2, 2025, that it has received a Letter of Empanelment from Madhya Pradesh Urja Vikas Nigam Limited. The empanelment relates to the supply and installation of solar-based water pumping systems in the state.

Nature of Work

As per the filing, the order covers the design, manufacture, supply, transport, installation, testing, and commissioning of off-grid DC and AC Solar Photovoltaic Water Pumping Systems (SPWPS). These are of 2 HP, 3 HP, 5 HP, and 7.5 HP capacities. The contract is part of Component B of the PM KUSUM B scheme, implemented in Madhya Pradesh as the PM Krishak Mitra Surya Yojana.

Project Size and Duration

According to the company’s disclosure, the project involves 159 solar-powered pumping systems. The total order value is around ₹4.24 crore, excluding GST. The work is to be completed within 60 days from the date of issuance of the work order.

Awarding Authority

The order has been awarded by Madhya Pradesh Urja Vikas Nigam Limited, a domestic entity. Crompton Greaves clarified that neither the promoters nor the promoter group companies have any interest in the awarding entity. It also stated that the order does not fall under related party transactions.

Contract Specifics

The company specified that the project involves the installation of off-grid solar water pumping systems under the PM Krishak Mitra Surya Yojana. These systems are intended for agricultural use and fall under Component B of the PM KUSUM B scheme being implemented in Madhya Pradesh.

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Crompton Greaves Consumer Electricals Share Price Performance 

As of September 3, 2025, 09:30 AM, Crompton Greaves Consumer Electricals share price was trading at ₹332.30, a 0.42% decrease from the previous closing price.

Conclusion

The project is expected to be executed within two months and will involve the installation of solar water pumping systems under a government-supported scheme in Madhya Pradesh.

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