Crompton Greaves secures ₹287 crore solar pumping contract
after close1 source ↓written by the desknot a recommendation
- contract from Maharashtra
- ₹287.18 crore
- aimed at enhancing
- 1214 installations
Crompton Greaves Consumer Electricals Limited has won a ₹287.18 crore contract from Maharashtra State Electricity Distribution Company Limited for solar water pumping systems. The project involves 1214 installations aimed at enhancing off-grid irrigation across Maharashtra under the PM-KUSUM B initiative.
This contract is expected to bolster the company's position in the renewable energy sector and may positively impact its stock performance in the near term.
Not investment advice. For informational purposes only.