Solar company-Crompton Greaves Consumer Electricals Ltd Secures Landmark Solar Rooftop Order of Rs 445,03,85,000 Across Over 40,000 Homes
DSIJ Intelligence-1 / 24 Oct 2025/ Categories: Mindshare, Trending
The company has a market cap of over Rs 18,000 crore and has been maintaining a healthy dividend payout of 40 per cent.
Crompton Greaves Consumer Electricals Limited has secured a significant domestic contract from the New & Renewable Energy Development Corporation of Andhra Pradesh Ltd (NREDCAP). This landmark order, valued at Rs 445,03,85,000 (approximately Rs 445 crore) excluding GST, is the largest Solar rooftop project in Crompton’s portfolio. The order is for Design, Engineering, Supply, Installation, Testing & Commissioning of 2KW Solar Rooftop Systems and includes Operations & Maintenance (O&M) for five years. This large-scale deployment of 77.40 MWp Grid-connected RTS Plants is part of the PM-Surya Ghar Muft Bijli Yojna.
The core objective of the contract is to Solarise 38,699 SC & ST Consumers through a Utility Led Aggregation (CAPEX) Mode in five specific divisions of Andhra Pradesh, namely Kovur, Tirupati Rural, Puttur, Chittoor (O), and Chittoor (R). This amounts to a total capacity of 77.40 MWp. The company is expected to execute the order within approximately six months. This large 77 MW win underscores Crompton’s commitment to building a greener India and reinforces its strong market traction and execution capability in the solar segment, just two months after entering the solar rooftop market.
This major milestone solarizes over 40,000 households and demonstrates Crompton's acceleration in the growing residential solar rooftop market, which is driven by improved affordability and awareness. The company is leveraging its strong brand equity, robust distribution, and after-sales service network to execute this project, ensuring seamless performance with reliable and easy-to-maintain solar solutions. This move highlights Crompton's focus on expanding its solar business across pumps, lighting, and solar rooftops, reinforcing its position as a trusted, energy-saving brand committed to India’s renewable energy vision.
About the Company
Crompton Greaves Consumer Electricals Limited is a prominent Indian consumer company with a legacy spanning over 75 years, operating through its Lighting and Electrical Consumer Durables business segments. As part of its "Crompton 2.0" strategy, the company is focusing on premiumization, enhancing its go-to-market approach and increasing brand investment. Its diverse product portfolio includes a wide range of fans, from ceiling fans to industrial air circulators, as well as residential and agricultural pumps and various home appliances such as water heaters, air coolers and kitchen appliances. The company also offers a comprehensive suite of lighting products, including LED lamps
The company has a market cap of over Rs 18,000 crore and has been maintaining a healthy dividend payout of 40 per cent. In Q1FY26, the company reported net sales of Rs 1,998 crore and net profit of Rs 124 crore while in FY25, the company reported net sales of Rs 7,864 crore and net profit of Rs 564 crore.
Disclaimer: The article is for informational purposes only and not investment advice.