Synopsis:
One of many main shopper electricals corporations in India has secured a Rs. 445 crore order from NREDCAP to design, set up, and preserve 77.4 MW of 2KW photo voltaic rooftop programs for 38,699 SC & ST shoppers throughout 5 AP divisions.
This firm is a number one Indian firm specialising in shopper electrical merchandise and renewable vitality options, is now within the limelight after securing an order price Rs. 445.05 crore.
With market capitalization of Rs. 18,683 cr, the shares of Crompton Greaves Shopper Electricals Restricted are presently buying and selling at Rs. 291 per share, from its earlier shut of Rs. 290.95 per share.
Concerning the order
Crompton Greaves Shopper Electricals Restricted has acquired a big EPC (Engineering, Procurement, and Building) order from the New & Renewable Vitality Improvement Company of Andhra Pradesh Ltd. (NREDCAP) below the PM-Surya Ghar Muft Bijli Yojna.
The order is valued at Rs. 445.04 crore (excluding GST), includes the design, engineering, provide, set up, testing, and commissioning of 2KW photo voltaic rooftop programs totalling 77.40 MWp for 38,699 SC & ST shoppers throughout 5 divisions in Andhra Prades,h that are Kovur, Tirupati Rural, Puttur, and Chittoor, by a utility-led aggregation (CAPEX) mode.
Moreover, the contract consists of 5 years of operation and upkeep (O&M) companies. It is a home, non-related-party contract, with an execution timeline of roughly six months.
The challenge represents a strategic push towards photo voltaic electrification for underserved communities, aligning with India’s renewable vitality initiatives and Crompton’s give attention to sustainable vitality options.
Concerning the firm
Crompton Greaves Shopper Electricals Ltd is a number one Indian firm specializing in shopper electrical merchandise and renewable vitality options. Headquartered in Mumbai, it provides a variety of merchandise together with followers, pumps, water heaters, and photo voltaic options, with a give attention to high quality, innovation, and sustainable vitality initiatives. The corporate serves each residential and business markets throughout India, contributing to vitality effectivity and clear vitality adoption.
The corporate has demonstrated sturdy monetary efficiency, with a Return on Capital Employed (ROCE) of 19.0% and a Return on Fairness (ROE) of 17.4%. It has additionally efficiently lowered its debt, strengthening its steadiness sheet. Moreover, the corporate has maintained a wholesome dividend payout ratio of 39.9%.
Gross sales of the corporate declined from Rs. 2,061 cr in Q4FY25 to Rs. 1,998 cr in Q1FY26. Working revenue fell to Rs. 192 cr from Rs. 264 cr. Internet revenue decreased from Rs. 172 cr to Rs. 124 cr over the identical interval.
Written by Manideep Appana
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