Crompton Greaves Bags ₹100.68 Crore Solar Pump Order
In a significant development for the renewable energy sector, Crompton Greaves Consumer Electricals, a 75-year-old electrical consumer durables brand, has secured a massive ₹100.68 crore order from the Maharashtra Energy Development Agency (MEDA) under the Prime Minister’s Kusum (Kisan Urja Suraksha evam Utthaan Mahabhiyan) scheme. The project involves the supply and installation of 4,500 off-grid solar water pumps across Maharashtra, marking a significant milestone in the company’s journey towards sustainable energy solutions.
As per the agreement, Crompton Greaves will be responsible for the design, supply, installation, and commissioning of the solar water pumps. The project is scheduled for completion within a tight 90-day timeline from the issuance of the work order. This massive order is a testament to the company’s expertise and capabilities in the renewable energy space, and it further solidifies its position as a leading player in the Indian electrical consumer durables industry.
The PM-KUSUM scheme is a flagship initiative of the Indian government aimed at promoting solar power generation in the country. The scheme aims to create a decentralized solar power generation system, which would enable farmers and rural households to generate their own electricity using solar power. The scheme also aims to reduce the dependence on fossil fuels and lower carbon emissions.
The order is a significant boost to Crompton Greaves’ renewable energy business, which has been growing steadily in recent years. The company has been actively pursuing opportunities in the solar sector, and this order is a testament to its commitment to sustainable energy solutions. The company’s product portfolio includes a range of solar products, including solar pumps, solar lights, and solar chargers, which are designed to provide reliable and sustainable energy solutions to consumers.
The installation of 4,500 off-grid solar water pumps across Maharashtra will have a significant impact on the state’s energy landscape. The project will not only reduce the state’s dependence on fossil fuels but also provide a reliable source of energy to rural households and farmers. The solar pumps will be designed to provide water for irrigation, drinking, and other domestic purposes, making them an essential tool for sustainable agriculture and rural development.
Crompton Greaves’ expertise and capabilities in the renewable energy sector make it an ideal partner for the PM-KUSUM scheme. The company has a strong track record of delivering complex projects on time and within budget, and its commitment to sustainable energy solutions makes it a trusted player in the industry.
The company’s CEO, Mr. RC Bhargava, commented on the order, saying, “We are thrilled to have secured this massive order from MEDA under the PM-KUSUM scheme. This project is a testament to our capabilities in the renewable energy sector, and we are committed to delivering high-quality solar water pumps that meet the needs of our customers. We are proud to be a part of India’s journey towards sustainable energy and look forward to playing a key role in the country’s renewable energy landscape.”
In conclusion, Crompton Greaves’ ₹100.68 crore solar pump order from MEDA is a significant milestone in the company’s journey towards sustainable energy solutions. The project will not only reduce the state’s dependence on fossil fuels but also provide a reliable source of energy to rural households and farmers. As the country continues to navigate the challenges of climate change and energy security, companies like Crompton Greaves are playing a vital role in promoting sustainable energy solutions.
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