Synopsis:
One of the leading consumer electricals companies in India has secured a Rs. 445 crore order from NREDCAP to design, install, and maintain 77.4 MW of 2KW solar rooftop systems for 38,699 SC & ST consumers across five AP divisions.
This company is a leading Indian company specialising in consumer electrical products and renewable energy solutions, is now in the limelight after securing an order worth Rs. 445.05 crore.
With market capitalization of Rs. 18,683 cr, the shares of Crompton Greaves Consumer Electricals Limited are currently trading at Rs. 291 per share, from its previous close of Rs. 290.95 per share.
About the order
Crompton Greaves Consumer Electricals Limited has received a significant EPC (Engineering, Procurement, and Construction) order from the New & Renewable Energy Development Corporation of Andhra Pradesh Ltd. (NREDCAP) under the PM-Surya Ghar Muft Bijli Yojna.
The order is valued at Rs. 445.04 crore (excluding GST), involves the design, engineering, supply, installation, testing, and commissioning of 2KW solar rooftop systems totalling 77.40 MWp for 38,699 SC & ST consumers across five divisions in Andhra Prades,h which are Kovur, Tirupati Rural, Puttur, and Chittoor, through a utility-led aggregation (CAPEX) mode.
Additionally, the contract includes five years of operation and maintenance (O&M) services. This is a domestic, non-related-party contract, with an execution timeline of approximately six months.
The project represents a strategic push toward solar electrification for underserved communities, aligning with India’s renewable energy initiatives and Crompton’s focus on sustainable energy solutions.
About the company
Crompton Greaves Consumer Electricals Ltd is a leading Indian company specializing in consumer electrical products and renewable energy solutions. Headquartered in Mumbai, it offers a wide range of products including fans, pumps, water heaters, and solar solutions, with a focus on quality, innovation, and sustainable energy initiatives. The company serves both residential and commercial markets across India, contributing to energy efficiency and clean energy adoption.
The company has demonstrated strong financial performance, with a Return on Capital Employed (ROCE) of 19.0% and a Return on Equity (ROE) of 17.4%. It has also successfully reduced its debt, strengthening its balance sheet. Additionally, the company has maintained a healthy dividend payout ratio of 39.9%.
Sales of the company declined from Rs. 2,061 cr in Q4FY25 to Rs. 1,998 cr in Q1FY26. Operating profit fell to Rs. 192 cr from Rs. 264 cr. Net profit decreased from Rs. 172 cr to Rs. 124 cr over the same period.
Written by Manideep Appana
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