Crompton Greaves Consumer Electricals Ltd. has secured a landmark solar rooftop order worth Rs. 445 Crores. This project involves solarizing over 40,000 homes in Andhra Pradesh with 2 KW on-grid rooftop systems. This is Crompton’s largest solar rooftop order and demonstrates the company’s rapid entry into the solar market. The project aligns with India’s renewable energy mission and enhances Crompton’s commitment to sustainable solutions.
Significant Solar Rooftop Project
Crompton Greaves Consumer Electricals Ltd. has announced a major achievement in its solar energy initiatives by securing a substantial solar rooftop order in Andhra Pradesh. The project is valued at Rs. 445 Crores and marks Crompton’s largest venture into the solar rooftop sector to date. It reinforces the company’s commitment to greener energy solutions in line with the nation’s renewable energy goals.
Project Details and Scope
The project encompasses the solarization of over 40,000 households with the installation of 2 KW on-grid rooftop solar systems. This initiative is expected to significantly contribute to sustainable energy adoption across residential areas. The large 77 MW win emphasizes Crompton’s strong capabilities and accelerating growth in the solar segment. Crompton had also secured a Rs. 52 Crs order earlier this month.
Market Opportunity and Growth
The solar rooftop segment is experiencing substantial growth with a market size of approximately Rs. 20,000-25,000 Crs, and is expected to grow at over 20% annually. Rising residential adoption, driven by improved technology affordability and easier grid integration, offers a strong opportunity for Crompton to expand its sustainable energy solutions.
Company’s Perspective
According to Mr. Promeet Ghosh, Managing Director & CEO, this order marks a significant milestone in Crompton’s journey in renewable energy, aligning with India’s clean energy ambitions. Mr. Shaleen Nayak, Business Unit Head – Lighting, highlighted that the project underscores the company’s energy-efficient solar solutions at scale, covering a large number of households and ensuring quality and consistency across every installation.
Crompton’s Growing Presence
Crompton’s expanding presence in the solar segment is supported by its brand equity, distribution network, and after-sales service. The company is now scaling its solar business across pumps, lighting, and solar rooftops, enhancing its internal teams and execution capabilities.
Source: BSE
