CROMPTON GREAVES CONSUMER TO ENTER SOLAR SEGMENT

is best known for manufacturing fans, lighting, domestic pumps, and appliances. The company is now stepping up it's focus on the solar segment as it looks to double revenue in five years. It will foray into the solar segment includes solar pumps and solar rooftops. Driven by the shift to energy-efficient products, the company closed FY25 with a turnover of Rs 7,864 crore and aims to touch Rs 15,000 crore by FY30. It is also investing in manufacturing, technology, and innovation as part of its growth push. The company's stock price has seen a sharp correction from Rs 480 per share in Sept24 to now Rs 280 per share. Once the company's solar segment starts production, the margins are set to improve and thereby giving good valuation to it's share price.