Crompton Strengthens Commitment to Green Energy with Solar Water Pump Order from MEDA

Crompton Greaves Consumer Electricals Ltd., renowned for its innovative solutions in the pumps industry, is proud to announce another landmark achievement in the renewable energy space - a new solar water pumping system order under the prestigious PM-KUSUM scheme. Strengthening its position in this segment, the company has received a Letter of Award (LoA) from the Maharashtra Energy Development Agency (MEDA) for the design, manufacture, supply, transport, installation, testing, and commissioning of Solar Photovoltaic Water Pumping Systems (SPWPS) across various locations in Maharashtra with a value of over 10.60 Cr.

With this order, Crompton continues to deliver on its commitment to enabling sustainable farming through reliable and efficient solar water pumping solutions. Backed by a strong service network, capable channel partners, and a legacy of trusted performance, the company is well-equipped to meet the increasing demand in this space. Crompton's pumps are engineered for durability and performance, supported by a five-stage product development process, advanced manufacturing capabilities, and deep R&D expertise. With plans to deploy increasingly more solar-powered pumps under the PM-KUSUM Scheme in the next few years, Crompton is playing a key role in efforts to make an impact in the energy efficiency category.

This development further strengthens Crompton's commitment to driving sustainable progress in agriculture through clean energy solutions. As part of Component-B of the PM-KUSUM scheme, this initiative directly supports the national objective of enabling farmers to transition from conventional power sources to renewable energy - offering both economic and environmental benefits.

This development comes at a time when India's submersible water pump market is witnessing rapid growth, driven by increasing demand across agriculture, rural water supply, urban infrastructure, and industrial applications. In agriculture, submersible pumps play a vital role in ensuring consistent water availability for deep-well irrigation - especially in regions prone to uneven rainfall. The growing emphasis on renewable energy has further propelled the adoption of solar-powered solutions, particularly in rural and off-grid areas with limited access to electricity.

Speaking about this occasion Mr. Rajat Chopra, Business Head - Home Electricals & Pumps, Crompton Greaves Consumer Electricals Ltd. said, "We are proud to partner with the Maharashtra Energy Development Agency (MEDA) under the PM-KUSUM scheme, marking a significant step forward in our efforts to deliver advanced and sustainable pumping solutions. This order for solar-powered submersible pumps reaffirms our commitment to quality, durability, and innovation in the category. Built with rust-free stainless steel construction, our pumps are designed to offer corrosion-resistant performance and long-term reliability in a variety of applications-from irrigation and groundwater extraction to demanding rural and off-grid settings. At Crompton, we continue to push the boundaries with smart, future-ready technologies that support India's clean energy and water access goals."

Crompton had actively participated in the tender process across four states - Haryana, Maharashtra, Rajasthan, and Madhya Pradesh. The initial groundwork, overseen by SECI and MNRE, has transitioned to the respective state nodal agencies-Haryana Renewable Energy Department (HAREDA), Maharashtra Energy Development Agency (MEDA), Maharashtra State Electricity Distribution Company Limited (MSEDCL), Madhya Pradesh Urja Vikas Nigam Limited (MPUVNL), and Rajasthan Horticulture Development Society (RHDS)-for the final execution phase. While Crompton is already operational in Haryana, Rajasthan, and Maharashtra, it is now gearing up to kick off work in Madhya Pradesh and is further prepared to expand across other states in India.

Shares of Crompton Greaves Consumer Electricals Limited was last trading in BSE at Rs. 332.10 as compared to the previous close of Rs. 335.00. The total number of shares traded during the day was 754760 in over 2529 trades.

The stock hit an intraday high of Rs. 338.25 and intraday low of 331.90. The net turnover during the day was Rs. 253105817.00.

Source : Equity Bulls

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