Crompton Greaves Bags ₹445 Crore Solar Rooftop Project from NREDCAP; Shares See Positive Momentum

Mumbai, October 24: Crompton Greaves Consumer Electricals Ltd announced today that it has bagged a major order worth ₹445.03 crore from the New & Renewable Energy Development Corporation of Andhra Pradesh Ltd (NREDCAP). The order is for large-scale rooftop solar project under PM Surya Ghar Muft Bijli Yojana. Under the project the company will design, engineer, supply, install, test, commission, and five-year O&M of 77.40 MWp grid-connected rooftop solar systems across Andhra Pradesh. The project will serve 38,699 SC and ST households. It will be done through a utility-led aggregation (CAPEX) model implemented under various APDISCOMs.

Crompton Greaves Consumer Electricals Ltd is an Indian company that is engaged in the manufacturing of consumer electronic products. The company was established in 2015 and is headquartered in Mumbai, Maharashtra. The shares of the company are listed on NSE with the ticker symbol CROMPTON and on BSE with the code 539876.

Shares Witnessed a Positive Uptick

Following the announcement, Crompton Greaves Consumer Electricals Ltd share price saw a marginal uptrend. As of 12:55 PM, the shares are up by 0.57%, or 1.65 points, and are currently trading at ₹292.60. Until now, the shares have traded within a range of ₹293.10 and ₹289. The current traded volume stands at 24.71 lakh shares, with the company’s market cap at ₹18,735 crore. The shares have their 52-week high at ₹419.45 and their 52-week low at ₹278.

Although the shares have provided 2.35% returns to investors in the last week, they have been on a negative trajectory over other time periods. The shares have fallen 10.35% in the last month, 44.10% in the last 3 months, 53% in the last 6 months, and 105.75% in the last 1 year.

REF: https://nsearchives.nseindia.com/corporate/Crompton123_24102025105345_SEIntimation.pdf

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