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Update for investors of
CROMPTON
Consumer Electricals is currently trading at Rs. 343.95, up by 0.35 points or 0.10% from its previous closing of Rs. 343.60 on the BSE.
The scrip opened at Rs. 341.90 and has touched a high and low of Rs. 344.35 and Rs. 337.80 respectively. So far 54161 shares were traded on the counter.
The Institutions and Non-Institutions held 87.38 % and 12.63 % stake in the company respectively.
Crompton Greaves Consumer Electricals has achieved a landmark milestone in its green energy journey by securing its largest-ever order in the solar water pump segment. The company has received a Letter of Award (LoA) from the Maharashtra Energy Development Agency (MEDA) valued at over Rs 101 crore (exclusive of GST) for the design, manufacture, supply, transportation, installation, testing, and commissioning of 4,500 Off-grid Solar Photovoltaic Water Pumping Systems (SPWPS) across Maharashtra under Component-B of the PM-KUSUM scheme.
This significant order underscores Crompton’s ongoing commitment to providing sustainable irrigation solutions that empower farmers across India. The turnkey project also includes a comprehensive five-year maintenance contract (CMC), ensuring long-term reliability and support for the installed systems. Crompton’s advanced solar-powered DC submersible pumps are engineered for durability, high performance, and ease of use, specifically designed to address water access challenges in off-grid and rural regions. The company will leverage its trained field personnel, local district support teams, and robust after-sales service network to ensure seamless implementation and operational excellence throughout the project’s lifecycle.
Crompton Greaves Consumer Electricals is India’s market leader in fans, number one player in residential pumps and has leading market positions in its other product categories.#StockInNews#WatchOutFor#TechnicalViews#HiddenGems#EquityResearch
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