Crompton Greaves Consumer Electricals has received a letter of empanelment from MSEDCL for 2,000 solar photovoltaic water pumping systems across Maharashtra under the PM-KUSUM-linked state scheme. The EPC scope spans design to commissioning, with execution targeted within 60 days from notice to proceed and an estimated value of around Rs 46.2 crore.
Crompton Greaves Consumer Electricals has notified the exchanges under Regulation 30 of SEBI’s Listing Obligations and Disclosure Requirements that it has been empanelled by MSEDCL for a major solar water pumping project in Maharashtra. The contract covers end-to-end EPC responsibilities for Solar Photovoltaic Water Pumping Systems with PV modules to be deployed at multiple locations under the state’s MTKSPY / PM-KUSUM programme.
According to the company’s filing, the work involves design, manufacture, supply, installation, testing and commissioning of 2,000 systems with a total work order value of Rs 46,20,48,229, excluding GST. The project is to be executed within 60 days from the issuance of the Notice to Proceed or work order, underscoring both the scale and the fast-track nature of the assignment.
Key Takeaways For Investors
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Crompton Bags Rs 46-Crore Solar Pumping Deal, Sets Stage For Rapid PM-KUSUM Rollout In Maharashtra\
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Order from Maharashtra State Electricity Distribution Company Limited (MSEDCL) for 2,000 solar photovoltaic water pumping systems.
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Total contract value around Rs 46.2 crore, exclusive of GST, under PM-KUSUM / MTSKPY scheme.
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Scope includes full EPC cycle: design, manufacture, supply, installation, testing and commissioning across multiple sites in Maharashtra.
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Execution timeline capped at 60 days from Notice to Proceed, indicating quick revenue conversion potential.
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Contract classified as a domestic order with no promoter or group company interest, and not a related-party transaction as per SEBI norms.
Source: BSE filing of Crompton Greaves Consumer Electricals Limited, Findoc, Investywise