Crompton Greaves Consumer Electricals Limited announced that it has received a letter of award from the New & Renewable Energy Development Corporation of Andhra Pradesh Ltd. (NREDCAP) for a large-scale solar rooftop project.
The order, valued at ₹445,03,85,000 (excluding GST), covers the design, engineering, supply, installation, testing, commissioning, and operation & maintenance (O&M) for 5 years of grid-connected rooftop solar systems across Andhra Pradesh.
Under the new EPC contract, Crompton will install 2KW solar rooftop systems totalling 77.40 MWp capacity for 38,699 Scheduled Caste and Scheduled Tribe consumers through utility-led aggregation under the CAPEX mode. The project falls under the Central Government’s PM-Surya Ghar Muft Bijli Yojna, which promotes renewable energy adoption and provides free solar power to households across India. The project execution is expected to be completed within approximately 6 months.
The work will span 5 divisions of Andhra Pradesh, namely Kovur, Tirupati Rural, Puttur, Chittoor (O), and Chittoor (R). Crompton’s responsibilities include complete engineering, procurement, and commissioning, ensuring quality performance and reliability for each rooftop solar system.
The order, awarded by a domestic government entity, reinforces Crompton Greaves’ growing presence in India’s renewable energy infrastructure segment. This contract adds significant momentum to its clean energy portfolio, aligning with national objectives of expanding decentralised solar power generation. The project is fully domestic, with no related-party transactions involved, and Crompton has confirmed no promoter group interest in NREDCAP.
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The project is slated for completion within 6 months of the award date. Once operational, the systems will enhance electricity access and sustainability for nearly 38,700 rural households. This initiative also underscores Crompton’s technical expertise and commitment to renewable development under India’s ambitious solar mission.
The ₹445.03 crore order represents one of the company’s largest renewable contracts in recent years, marking a strategic move beyond its core electrical business into solar EPC solutions.
On October 24, 2025, Crompton Greaves Consumer Electricals share price opened at ₹292.75 on NSE, above the previous close of ₹290.95. During the day, it surged to ₹292.75 and dipped to ₹289.00. The stock is trading at ₹289.70 as of 11:04 AM. The stock registered a marginal change of -0.43%.
Over the past week, it has moved up by 0.77%, over the past month, it has declined by 3.45%, and over the past 3 months, it has declined by 13.30%.
Crompton Greaves Consumer Electricals Limited’s latest ₹445.03 crore EPC order from NREDCAP highlights the company’s expanding role in India’s renewable sector. Through the installation of 77.40 MWp rooftop solar capacity, the project will contribute significantly to clean energy generation and rural electrification across Andhra Pradesh under the PM-Surya Ghar Muft Bijli Yojna.
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Published on: Oct 24, 2025, 12:11 PM IST
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