Solar company-Crompton Greaves Consumer Electricals Ltd Secures Rs 445 Crore Solar Rooftop Order in Andhra Pradesh

Crompton Greaves Consumer Electricals Ltd has achieved a major milestone in its Solar business by securing a significant solar rooftop order worth Rs 445 crore in Andhra Pradesh. The order marks a key step in Crompton’s growing presence in India’s renewable energy space.

The project involves solarizing more than 40,000 households with 2 KW on-grid rooftop systems, representing a total capacity of 77 MW. This is the largest solar rooftop project in Crompton’s portfolio so far. The company will manage the entire project lifecycle, supported by trained personnel and a responsive service network.

This order highlights Crompton’s expanding capabilities in the solar energy segment. It comes just two months after the company entered the solar rooftop business and follows another Rs 52 crore order received earlier this month. Crompton is positioning itself as a key player in the fast-growing solar rooftop market, which is valued between Rs 20,000–25,000 crore and expected to grow at more than 20 per cent annually.

Managing Director and CEO, Mr. Promeet Ghosh, stated that the order reflects the growing trust in Crompton’s ability to deliver sustainable energy solutions. Mr. Shaleen Nayak, Business Unit Head – Lighting, emphasized that the team will oversee the complete implementation to ensure quality and consistency across all 40,000 sites.

Crompton’s broader solar strategy includes diversification across pumps, lighting, and rooftop systems, supported by its strong brand equity and wide distribution network. This large-scale order reinforces its commitment to India’s clean energy goals and strengthens its footprint in the renewable power sector.

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 bonus-stock-split">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.