Crompton Greaves Bags ₹520-Million Solar Rooftop Order in Telangana

Crompton Greaves Consumer Electricals Ltd. Thursday said it has secured a ₹520-million order for setting up solar rooftop projects in Telangana. The company’s entry into the solar rooftop segment aligns with its strategy to expand its total addressable market to ₹2 trillion from ₹750 billion–₹1 trillion, it said in an exchange filing.

Crompton said the combined solar pumps and solar rooftop segments represent an opportunity size of ₹400 billion–₹500 billion. The company is well-positioned to capitalise on the growing solar rooftop market, currently valued at ₹200 billion–₹250 billion and expected to expand by over 20%, the filing said.