Business Economy


Crompton secure Rs 52 cr major solar rooftop order from Telangana

Hyderabad, Oct 9 (UNI) Crompton Greaves Consumer Electricals Ltd. (Crompton), one of India's leading consumer electrical companies, on Thursday announced it has secured its first major solar rooftop order worth Rs 52 crore from Telangana market.
Crompton is well-positioned to leverage the large and growing solar rooftops market of ₹20,000–₹25,000 Crores, expected to grow at a fast clip of 20 per cent, the company said in a release.
This significant win marks Crompton’s strong commercial debut in the large solar rooftop category and positions the company as a credible player in India’s solar energy market.
Crompton’s entry into solar rooftops aligns with its broader strategy to significantly expand its Total Addressable Market (TAM) from ₹75,000-1 Lakh Crore to ₹2 Lakh Crore. T
The combined solar pumps and solar rooftops segment represents a large opportunity size of ₹40,000–₹50,000 Crores.
Crompton is uniquely positioned to capture this growth through its trusted & reliable brand and extensive distribution network.
The company is already witnessing strong momentum, with large orders and a robust pipeline in solar pumps.
Commenting on the same Mr. Promeet Ghosh, Managing Director & CEO, Crompton Greaves Consumer Electricals Ltd said "Crompton’s entry into renewable energy ssector reflects our commitment to sustainability. Our vision is not only to deliver high-performance, innovative products, but to also become a major contributor to India’s green energy transition, driving both fast growth for Crompton and a sustainable future for the nation.”
“Securing our first major solar rooftop order is a significant milestone for the category."
UNI KNR RN
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