Crompton Greaves Consumer Electrical has bagged an order worth Rs 445 crore from NREDCAP to implement solar rooftop systems across 5 divisions in Andhra Pradesh- Kovur, Tirupati Rural, Puttur, Chittoor (O) and Chittoor (R).
The order was received from the New & Renewable Energy Development Corporation of Andhra Pradesh (NREDCAP).
The 77.40 MW project, valued at Rs 445.03 crore, involves the design, engineering, supply, installation, testing, and commissioning of 2KW solar rooftop systems.
Under this utility led aggregation (CAPEX) model, Crompton will solarize 38,699 SC & ST consumers, focusing on extending clean energy access to underserved communities.
The project is expected to be completed within approximately six months. Being a domestic order, the contract does not involve any related-party transactions, and Cromptons promoters and group companies have no interest in NREDCAP.
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Crompton Greaves Consumer Electricals is one of the leading consumer companies in India with a brand legacy of over 75 years. It is an independent company under professional management, operating in two business segments: lighting and electrical consumer durables. We market our products under the Crompton brand name in India and select export markets.
The companys consolidated net profit tanked 19.4% to Rs 122.29 crore on a 6.5% decline in revenue from operations to Rs 1,998.34 crore in Q1 FY26 over Q1 FY25.
Shares of Crompton Greaves Consumer Electricals shed 0.34% to Rs 289.90 on the BSE.
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