Crompton Greaves Secures INR 46 Crore Solar EPC Contract
Filing Summary
Crompton Greaves Consumer Electricals Ltd has received an order from Maharashtra State Electricity Distribution Company Ltd (MSEDCL) for engineering, procurement, and construction (EPC) services. The contract involves the design, manufacture, supply, installation, testing, and commissioning of 2000 Solar Photovoltaic Water Pumping Systems under the MTSKPY/PM-KUSUM scheme. The total order value is INR 46,20,48,229, excluding GST. The project is to be completed within 60 days from the issuance of the Notice to Proceed. This order does not involve any related party transactions.
Crompton Greaves Consumer Electricals Ltd has announced the receipt of an order from the Maharashtra State Electricity Distribution Company Ltd (MSEDCL). The order pertains to the engineering, procurement, and construction (EPC) of Solar Photovoltaic Water Pumping Systems (SPWPS) under the MTSKPY/PM-KUSUM scheme. The total contract value is INR 46,20,48,229, excluding GST.
The scope of the contract includes the design, manufacture, supply, installation, testing, and commissioning of 2000 SPWPS units. The systems will be deployed at various locations across the state of Maharashtra. The project is scheduled for completion within 60 days from the date of issuance of the Notice to Proceed (NTP) or work order.
This order was awarded by a domestic entity, and there are no related party transactions involved. The company has confirmed that neither the promoter group nor any group companies have any interest in MSEDCL.
Maharashtra State Electricity Distribution Company Ltd is a state-owned utility responsible for electricity distribution in Maharashtra. It plays a significant role in implementing renewable energy projects and schemes to enhance energy efficiency and sustainability across the state.
Crompton Greaves Consumer Electricals Ltd is a leading player in the consumer electricals sector, focusing on providing innovative and sustainable solutions. The company is engaged in the manufacture and sale of a wide range of electrical products, including fans, lighting, and appliances. Crompton Greaves continues to expand its portfolio in the renewable energy segment, aligning with its strategic priorities to drive growth and sustainability.