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Crompton Greaves Consumer Electricals Ltd fell 3.61% today to trade at Rs 340.5. The BSE Consumer Durables index is down 0.19% to quote at 58627.87. The index is up 5.57 % over last one month. Among the other constituents of the index, Havells India Ltd decreased 3.58% and Voltas Ltd lost 1.12% on the day. The BSE Consumer Durables index went up 8.27 % over last one year compared to the 8.66% surge in benchmark SENSEX.
Crompton Greaves Consumer Electricals Ltd has lost 5.99% over last one month compared to 5.57% gain in BSE Consumer Durables index and 2.75% rise in the SENSEX. On the BSE, 7675 shares were traded in the counter so far compared with average daily volumes of 2.44 lakh shares in the past one month. The stock hit a record high of Rs 483.65 on 02 Sep 2024. The stock hit a 52-week low of Rs 298.15 on 22 Apr 2024.
The order includes the design, manufacturing, transportation, and installation of solar photovoltaic water pumping systems across various locations in Maharashtra. These systems are aimed at helping farmers access reliable, off-grid water sources powered by solar energy.
With this development, Crompton continues to expand its presence in solar pumping, an area it has been actively investing in. The company’s pumps are built for durability and efficiency, using stainless steel construction for resistance to rust and corrosion. Crompton also brings a solid track record of performance, supported by advanced product design, strong R&D, and a wide service network.
This initiative falls under component B of the PM-KUSUM scheme, which promotes the use of solar-powered pumps to reduce dependence on grid electricity and diesel. It also supports the national goal of boosting clean energy use in agriculture while offering farmers more control and savings.
India’s submersible pump market is growing rapidly, with demand driven by agriculture, rural water needs, and infrastructure development. The shift toward solar technology is especially important in areas with limited access to stable electricity, where solar-powered pumps offer a practical and cost-effective alternative.
Speaking on the development, Rajat Chopra, Business Head – Home Electricals & Pumps, said, “Partnering with MEDA under the PM-KUSUM scheme is a big step forward in supporting rural and off-grid areas with clean, long-lasting water solutions. Our pumps are built to perform in tough conditions and deliver consistent results for farmers and rural users.”
Crompton Greaves Consumer Electricals is one of the leading consumer companies in India with a brand legacy of over 75 years. It is an independent company under professional management, operating in two business segments: lighting and electrical consumer durables. We market our products under the “Crompton” brand name in India and select export markets.
The company’s consolidated net profit jumped 27.7% to Rs 109.84 crore on 4.5% increase in revenue from operations to Rs 1,769.21 crore in Q3 FY25 over Q3 FY24.
Crompton Greaves Consumer Electricals has introduced its latest air cooler range – the Aura, Avancer, and Jedi series. These new models ensure superior cooling, offering quick relief and enhanced comfort during the sweltering months.
Speaking about the new launch, Malhar Vadke, Vice President – Large Domestic Appliances, Crompton Greaves Consumer Electricals said., “At Crompton, we have always believed in delivering meaningful innovations that solve everyday challenges while upholding our promise of quality and reliability. With summers becoming increasingly intense, the need for effective and dependable cooling solutions has never been greater. Our new Aura, Avancer and Jedi series air coolers are designed with this in mind— powerful airflow, enhanced portability, durability and everyday convenience. Built with durable materials and advanced features, this range reflects Crompton's commitment to creating products that deliver genuine value and stand the test of time. Whether it's helping families enjoy peaceful nights or making everyday living more comfortable, even during the peak of summer, these coolers are built to keep homes refreshingly cool throughout the season.”