Crompton Greaves Secures ₹29.77 Crores Order from MSEDCL for Solar Pumping Systems
Crompton Greaves Consumer Electricals Limited has been awarded a significant contract by Maharashtra State Electricity Distribution Company Limited (MSEDCL) for the supply and installation of Off-grid DC Solar Photovoltaic Water Pumping Systems (SPWPS). The order, which covers work under the MTSKPY/ PM-KUSUM-B scheme across various locations in Maharashtra State, has a total value of approximately ₹ 29.77 Crores, excluding GST.The contract details the complete scope of work for Crompton Greaves, including design, manufacture, supply, transport, installation, testing, and commissioning of the SPWPS. The order involves the provision of these systems along with a complete system warranty and its repair & maintenance, as well as a remote monitoring system (RMS) for five years.
Crompton Greaves Consumer Electricals Limited will execute the contract within 60 days from the date of issue of the Notice to Proceed (NTP) or work order. This domestic order is specifically for manufacturing and providing 1397 Solar Photovoltaic Water Pumping Systems.
Key details of the contract are summarized below:
| Detail | Specification |
|---|---|
| Order Awarding Entity | Maharashtra State Electricity Distribution Company Limited (MSEDCL) |
| Total Order Value | ₹ 29.77 Crores approximately |
| Quantity of Systems | 1397 Solar Photovoltaic Water Pumping Systems |
| Nature of Work | Design, manufacture, supply, transport, installation, testing and commissioning of Off-grid DC Solar Photovoltaic Water Pumping Systems ('SPWPS') including a five-year warranty and RMS. |
| Contract Type | Domestic Entity |
| Execution Timeline | Within 60 days from the date of issue of Notice to Proceed (NTP) /work order |
CROMPTON Stock Price Movement
Shares of Crompton Greaves Consumer Electricals Limited are edging higher as of 1:17 PM, gaining 1.41% to trade at ₹273.25 today. The stock has seen active momentum in the market, with 1.92 million shares trading by this afternoon.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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