Crompton secures first major Solar Rooftop Order of ₹52 Crs

Crompton Greaves Consumer Electricals Ltd. (Crompton), one of India's leading consumer electrical companies, today announced a landmark milestone by securing its first major solar rooftop order in the market of Telangana of ₹52 Crs. This strategic move emphasizes Crompton's commitment to driving growth in sustainable energy solutions with a strong right to win through its trusted brand and strong distribution network with capability to scale. Crompton is well- positioned to leverage the large and growing solar rooftops market of ₹20,000-₹25,000 Crs, expected to grow at a fast clip of 20%+.

This significant win marks Crompton's strong commercial debut in the large solar rooftop category and positions the company as a credible player in India's solar energy market.

Crompton's entry into solar rooftops aligns with its broader strategy to significantly expand its Total Addressable Market (TAM) from ₹75,000-1 Lakh Crore to ₹2 Lakh Crore. The combined solar pumps and solar rooftops segment represents a large opportunity size of ₹40,000-₹50,000 Crs. Crompton is uniquely positioned to capture this growth through its trusted & reliable brand and extensive distribution network. The company is already witnessing strong momentum, with large orders and a robust pipeline in solar pumps.

Commenting on the same Mr. Promeet Ghosh, Managing Director & CEO, Crompton Greaves Consumer Electricals Ltd. mentioned, "The renewable energy sector, particularly solar rooftops, presents a transformative opportunity for India's energy landscape. Crompton's entry into this segment reflects our commitment to sustainability. Our vision is not only to deliver highperformance, innovative products, but to also become a major contributor to India's green energy transition, driving both fast growth for Crompton and a sustainable future for the nation."

He further added, "Securing our first major solar rooftop order is a significant milestone for the category. This validates our capabilities and sets the stage for rapid growth in a sector that is witnessing tremendous demand. Leveraging our brand strength and distribution reach, we are well-positioned to create meaningful impact and deliver value to our consumers and the broader ecosystem. The potential for this ₹20,000-₹25,000 Crs category is immense, and we are committed to driving innovation and excellence as we expand our footprint."

This successful entry into the solar rooftop segment is not just an addition to Crompton's portfolio, it represents a pivotal shift towards becoming a comprehensive partner in energy efficiency and sustainability. By actively harnessing India's solar energy potential, Crompton is reinforcing its commitment to its Environmental, Social, and Governance (ESG) mandates and cementing its role as a forward-thinking consumer electrical leader ready to capitalize on the next wave of India's energy demands.

Source : Equity Bulls

Keywords

CromptonGreavesConsumerElectricals Milestone SolarRooftopOrder