Crompton Greaves Consumer Electricals Wins Contract with MSEDCL for Solar Water Pumping Systems
Crompton Greaves Consumer Electricals Limited has secured a significant rate contract and empanelment from the Maharashtra State Electricity Distribution Company Limited (MSEDCL). The order is for the design, manufacture, supply, installation, testing, and commissioning of Off-grid DC Solar Photovoltaic Water Pumping Systems (SPWPS).The total work order value stands at approximately Rs. 71.75 Crores (Rupees Seventy One Crores and Seventy Five Lakhs Only approximately), excluding GST. This contract is specifically related to the MTSKPY/ PM-KUSUM-B scheme, covering various locations across the State of Maharashtra.
The company has won the order for a total of 3540 Solar Photovoltaic Water Pumping Systems.
| Parameter | Details |
|---|---|
| Awarding Entity | Maharashtra State Electricity Distribution Company Limited (MSEDCL) |
| Nature of Order | Design, manufacture, supply, installation, testing & commissioning of Off-grid DC Solar Photovoltaic Water Pumping Systems ('SPWPS'). |
| Scheme | MTSKPY/ PM-KUSUM-B |
| Total Systems Ordered | 3540 |
| Total Work Order Value (Excl. GST) | Rs. 71.75 Crores approximately |
| Geographical Scope | Various locations across the State of Maharashtra |
| Execution Timeline | Within 60 days from the date of issue of Notice to Proceed (NTP) / work order |
| Contract Type | Domestic Entity |
The contract details specify that the company will be responsible for the complete system warranty, including repair & maintenance, and remote system (RMS) services. The total work order value of Rs. 71.75 Crores is recognized as being provided by a domestic entity, and the agreement is structured as a domestic transaction.
CROMPTON Stock Price Movement
As of 12:37 PM, shares of Crompton Greaves Consumer Electricals Limited are slipping by 0.27% in live trading, currently valued at ₹260.26. The stock is seeing significant momentum, marked by a volume of 1.97 million shares traded today.Source:
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