Crompton Greaves bags Rs 72-cr solar pump order from MSEDCL

April 17, 2026 · 3:16 pm IST Source: Business Standard
๐Ÿ“Œ

Key Takeaways

  • The company's consolidated net profit marginally rose 0.02% to Rs 111.93 crore on a 7.4% rise in revenue from operations to Rs 1,659.49 crore in Q3 FY26 over Q3 FY25.
  • Shares of Crompton Greaves Consumer Electricals shed 0.69% to Rs 259.20 on the BSE.
  • The total order value is approximately Rs 71.75 crore.
  • Crompton Greaves Consumer Electricals said that it has received an order from the Maharashtra State Electricity Distribution Company (MSEDCL) for 3,540 Solar Photovoltaic Water Pumping Systems under the PM-KUSUM-B scheme.

Full Report

Crompton Greaves Consumer Electricals said that it has received an order from the Maharashtra State Electricity Distribution Company (MSEDCL) for 3,540 Solar Photovoltaic Water Pumping Systems under the PM-KUSUM-B scheme.

The total order value is approximately Rs 71.75 crore.

The scope of work includes design, manufacture, supply, installation, testing and commissioning of off-grid DC solar photovoltaic water pumping systems, along with warranty, repair and maintenance, and remote monitoring system services across various locations in Maharashtra.

The project is to be executed within 60 days from the issuance of the Notice to Proceed or work order.

Crompton Greaves Consumer Electricals manufactures and markets a wide spectrum of consumer products, ranging from fans, lamps and luminaries to pumps and household appliances such as water heaters, coolers, mixer grinders and irons.

The company's consolidated net profit marginally rose 0.02% to Rs 111.93 crore on a 7.4% rise in revenue from operations to Rs 1,659.49 crore in Q3 FY26 over Q3 FY25.

Shares of Crompton Greaves Consumer Electricals shed 0.69% to Rs 259.20 on the BSE.

Originally reported by Business Standard.
๐Ÿ’ก

IPO Cracker Take

This market development has implications for IPO investors tracking upcoming issues. See our IPO calendar and live GMP data for the most recent moves.

โ“

Frequently Asked Questions

Market news feeds into IPO pricing decisions, subscription timing, and listing-day sentiment. Track the broader market daily alongside each active IPO's own fundamentals.

Our IPO calendar shows all upcoming, open, and recently listed issues in one place — with price band, GMP, and subscription data.

We publish daily market and IPO news, live GMP updates, and subscription tracking. Bookmark our News page or follow us on social media for real-time updates.
0 Comments

No comments yet. Be the first to share your opinion!