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Crompton Greaves Secures Major Solar Contract in Andhra Pradesh

Story Highlights
  • Crompton Greaves operates in consumer electricals, focusing on energy-efficient solutions.
  • The company secured a Rs. 445 crore solar contract in Andhra Pradesh, boosting its renewable energy presence.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Crompton Greaves Secures Major Solar Contract in Andhra Pradesh

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Crompton Greaves Consumer Electricals Ltd. ( (IN:CROMPTON) ) has issued an announcement.

Crompton Greaves Consumer Electricals Ltd. has secured a significant contract from the New & Renewable Energy Development Corporation of Andhra Pradesh Ltd. (NREDCAP) for the design, engineering, supply, installation, testing, and commissioning of a 2KW solar rooftop system. This project, valued at approximately Rs. 445 crore, aims to solarize 38,699 SC & ST consumers in Andhra Pradesh, enhancing the company’s position in the renewable energy sector and potentially increasing its market share.

More about Crompton Greaves Consumer Electricals Ltd.

Crompton Greaves Consumer Electricals Ltd. operates in the consumer electricals industry, offering a range of products including fans, lighting, pumps, and appliances. The company focuses on providing innovative and energy-efficient solutions to its customers.

Average Trading Volume: 146,146

Technical Sentiment Signal: Sell

Current Market Cap: 185.9B INR

See more data about CROMPTON stock on TipRanks’ Stock Analysis page.

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