14 Jun 2025

Crompton Greaves Gains on BSE; Secures RS. 101 Crore Solar Pump Order from MEDA

Crompton Greaves Consumer Electricals is currently trading at RS. 343.95, up by 0.35 points or 0.10% from its previous close of RS. 343.60 on the BSE.

The stock opened at RS. 341.90 and has touched an intraday high of RS. 344.35 and a low of RS. 337.80. A total of 54,161 shares have been traded so far.

A BSE group 'A' stock with a face value of RS. 2, Crompton has touched a 52-week high of RS. 483.65 on September 2, 2024, and a 52-week low of RS. 303.00 on April 7, 2025. In the past week, the stock has fluctuated between RS. 357.15 and RS. 337.80. The company's current market capitalization stands at RS. 22,164.64 crore.

The institutional holding in the company is 87.38%, while non-institutional investors hold 12.63%.

In a major development, Crompton has secured its largest-ever order in the solar water pump segment. The company received a Letter of Award (LoA) from the Maharashtra Energy Development Agency (MEDA), valued at over RS. 101 crore (excluding GST), for the supply and installation of 4,500 Off-grid Solar Photovoltaic Water Pumping Systems (SPWPS) under Component-B of the PM-KUSUM scheme across Maharashtra.

The turnkey project includes design, manufacturing, supply, transportation, installation, testing, and commissioning, along with a five-year comprehensive maintenance contract (CMC). This move highlights Crompton’s commitment to offering sustainable irrigation solutions, empowering Indian farmers with reliable access to water.

Crompton’s advanced solar-powered DC submersible pumps are designed for durability, efficiency, and ease of use, especially in off-grid and rural areas. The company will utilize its trained field personnel and robust after-sales network to ensure smooth execution of the project.

This initiative supports India's goal of transitioning to renewable energy in agriculture, promoting both cost savings and environmental benefits. The submersible pump market is rapidly growing due to rising demand for agricultural and rural water solutions.

Crompton Greaves is the market leader in fans, the top player in residential pumps, and holds strong positions in various other product categories across India.