Crompton Greaves Consumer Electricals has bagged a Rs 4.28 crore order from Madhya Pradesh Urja Vikas Nigam (MPUVNL) for the installation of 196 off-grid DC and AC solar water pumping systems.
The project is part of the PM Krishak Mitra Surya Yojana, implemented under Component-B of the PM-KUSUM scheme.
The order is to be executed within 120 days from the date of issuance of the work order.
This is a domestic contract, and the company confirmed that neither the promoter group nor any related party transactions are involved in the award. The contract has been received on arms length terms.
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.
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The companys consolidated net profit tanked 19.4% to Rs 122.29 crore on 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 0.57% to Rs 312.30 on the BSE.
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