
Crompton Greaves secures order worth Rs 49 crore for Off-grid DC Solar Photovoltaic Water Pumping Systems in Maharashtra
Crompton Greaves Consumer Electricals Limited has received a significant order from the Maharashtra State Electricity Distribution Company Limited (MSEDCL) under the 'Mangel Tyala Saur Krushi Pump Yojana/ PM Kusum Scheme B scheme.' The Letter of Empanelment empowers Crompton to design, manufacture, supply, transport, install, test, and commission 1,884 Off-grid DC Solar Photovoltaic Water Pumping Systems (SPWPS) of 3 HP, 5 HP, and 7.5 HP capacities at farmer sites across Maharashtra.
The project also includes a five-year comprehensive warranty, repair and maintenance services, along with a Remote Monitoring System (RMS) to ensure smooth operation and efficiency. The total work order value is approximately Rs. 49 Crores, excluding GST, with completion expected within 60 days from the issuance of the work order.
This domestic contract strengthens Crompton Greaves' presence in the renewable energy sector, particularly in solar-powered irrigation solutions. With no promoter or related party interest involved, the order is purely a commercial engagement and marks another step in the company's focus on sustainable energy infrastructure.
Ahmedabad Plane Crash
Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at BusinessUpturn.com
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Business Upturn
3 hours ago
- Business Upturn
Nifty top gainers and losers today, August 14: Wipro, Eternal, Infosys, HDFC Life among top performers
Indian equity markets ended marginally higher on August 14, with the Nifty holding above the 24,600 mark. At the close, the Sensex rose 57.75 points, or 0.07%, to 80,597.66, while the Nifty gained 11.95 points, or 0.05%, to settle at 24,631.30. Here's a look at Nifty top gainers and losers that drove the day's action (as per Trendline) for the day: Among the top gainers, Wipro emerged as the biggest performer, rising 2.1% to ₹246.8. Eternal followed with a 1.9% jump to ₹318.4, while Infosys advanced 1.5% to ₹1,448. HDFC Life Insurance gained 1.5% to ₹788, and Asian Paints added 1.1% to ₹2,528.7. Maruti Suzuki climbed 0.8% to ₹12,936, while State Bank of India and Eicher Motors each rose 0.6% to ₹826.6 and ₹5,746.5 respectively. HDFC Bank gained 0.6% to ₹1,991.1, and Titan Company closed 0.5% higher at ₹3,485. On the losers' side, Tata Steel was the biggest drag, slipping 3.1% to ₹155.3. Adani Ports dropped 1.4% to ₹1,301.4, and Tech Mahindra declined 1.3% to ₹1,486.7. Hero MotoCorp shed 1.3% to ₹4,708.1, while Bharat Electronics fell 1% to ₹384.9. Tata Consumer Products and Jio Financial Services each declined 1% to ₹1,045.4 and ₹327.4 respectively. ONGC slipped 0.9% to ₹236.6, UltraTech Cement eased 0.8% to ₹12,299, and HCL Technologies closed 0.8% lower at ₹1,489. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information. Ahmedabad Plane Crash EternalHDFC LifeInfosysWipro Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at


Business Upturn
4 hours ago
- Business Upturn
Indian Oil Q1 Results: Net Profit falls 21.7% QoQ to Rs 5,688 crore
Indian Oil Corporation Limited (IOCL) has reported its standalone unaudited financial results for the quarter ended June 30, 2025, showing a notable year-on-year improvement in profitability despite modest revenue growth. Financial performance Revenue stood at Rs 1.93 lakh crore, down 1% from Rs 1.95 lakh crore in Q4 FY25. Net profit (PAT) dropped 21.7% to Rs 5,688.6 crore from Rs 7,264.9 crore in the previous quarter. EBITDA came in at Rs 12,607.2 crore, down 7.1% from Rs 13,572.6 crore in Q4. The EBITDA margin contracted by 50 basis points to 6.5% from 7%. Expense overview Total expenses marginally declined to Rs 2,11,815.94 crore from Rs 2,13,069.95 crore a year ago, driven by lower costs of materials consumed (Rs 96,661.02 crore vs Rs 1,04,647.55 crore YoY) and reduced purchases of stock-in-trade. However, excise duty payments increased to Rs 25,637.11 crore from Rs 22,753.24 crore YoY. Finance costs remained largely stable at Rs 1,972.67 crore compared to Rs 1,960.27 crore in Q1 FY25. Profitability surge Profit before tax jumped to Rs 7,404.91 crore in Q1 FY26, more than double the Rs 3,452.71 crore recorded in the same period last year. This growth translated into a net profit of Rs 5,688.60 crore, marking a sharp 115% YoY rise from Rs 2,643.18 crore in Q1 FY25. On a sequential basis, however, net profit was lower than the Rs 7,264.85 crore reported in Q4 FY25. Tax expenses The company's tax outgo for the quarter stood at Rs 1,716.31 crore, comprising Rs 1,475.66 crore in current tax and Rs 240.65 crore in deferred tax. Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.


Business Upturn
4 hours ago
- Business Upturn
Hindustan Copper Q1 Results: Revenue rises 4.6% YoY to Rs 516.37 crore, net profit jumps 18.5% YoY
Hindustan Copper reported revenue from operations of Rs 516.37 crore in Q1 FY26, up 4.6% from Rs 493.60 crore in the same quarter last year but down 29.4% sequentially from Rs 731.40 crore in Q4 FY25. Other income came in at Rs 10.28 crore, bringing total income to Rs 526.65 crore for the quarter. Total expenses fell 0.3% YoY to Rs 347.29 crore, with a significant inventory gain of Rs 30.72 crore compared to a loss of Rs 47.67 crore in Q1 FY25. Depreciation and amortisation expense stood at Rs 180.04 crore versus Rs 188.33 crore last year. Profit before tax was Rs 179.36 crore in Q1 FY26 compared to Rs 154.13 crore in Q1 FY25. After accounting for current tax of Rs 43.06 crore and deferred tax of Rs 2.02 crore, net profit came in at Rs 134.28 crore, up 18.5% YoY from Rs 113.41 crore. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information Ahmedabad Plane Crash Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.