Crompton Greaves Consumer Electricals will hold a meeting of the Board of Directors of the Company on 16 May 2024.Powered by Capital Market - Live News

Crompton Greaves Consumer Electricals announced its fourth consecutive win of another landmark solar water pumping system order under the prestigious PM-KUSUM scheme for the state of Haryana. The latest order, sanctioned by the New & Renewable Energy Department Haryana and HAREDA includes the supply, installation, and commissioning of 7.5 HP DC; 10 HP AC and 10 HP DC solar photovoltaic water pumping systems which are worth over Rs. 9 crore. This achievement is part of a larger initiative led by the Solar Energy Corporation of India (SECI) and the Ministry of New & Renewable Energy (MNRE), aiming to replace and establish new connections for 6.5 Lac pumps across India. Total orders accrued till now from HAREDA stands at Rs 65.6 crore. Moreover, Crompton has secured a Letter of Empanelment for 2500 solar pumping systems in Maharashtra from MSEDCL (Maharashtra State Electricity Distribution Co.) for 500 systems and MEDA (Maharashtra Energy Development Agency) for 2000 systems. Another Letter of Empanelment has been received for 1000 solar pumping systems in Rajasthan from Commissionerate of Horticulture, Rajasthan. Total value of Letter of Empanelment received amounts to appx Rs 85 crores, marking another step forward in its commitment to agricultural sustainability. This significant development, coupled with the recent fourth order from Haryana and LOE from Maharashtra and Rajasthan Govt., further demonstrates Crompton`s growing footprint and dedication to providing sustainable solutions and leveraging technology for a greener future.Powered by Capital Market - Live News

Crompton Greaves Consumer Electricals has allotted 19,51,250 equity shares under ESOP on 06 March 2024. With this allotment, the paid-up capital of the Company has increased from Rs. 128,23,11,458 divided into64,11,55,729 number of equity shares of face value Rs. 2/- each to Rs. 128,62,13,958 divided into 64,31,06,979 number of equity shares of face value Rs. 2/- each.Powered by Capital Market - Live News

Crompton Greaves Consumer Electricals has allotted 9,19,088 equity shares under ESOP on 28 February 2024. With this allotment, the paid-up capital of the Company has increased from Rs. 128,04,73,282 divided into 64,02,36,641 number of equity shares of face value Rs. 2/- each to Rs. 128,23,11,458 divided into 64,11,55,729 number of equity shares of face value Rs. 2/- each.Powered by Capital Market - Live News

Net profit of Crompton Greaves Consumer Electricals rose 0.87% to Rs 85.99 crore in the quarter ended December 2023 as against Rs 85.25 crore during the previous quarter ended December 2022. Sales rose 11.64% to Rs 1692.69 crore in the quarter ended December 2023 as against Rs 1516.21 crore during the previous quarter ended December 2022. ParticularsQuarter Ended�Dec. 2023Dec. 2022% Var. Sales1692.691516.21 12 OPM %8.8510.05 - PBDT144.94144.27 0 PBT112.46114.59 -2 NP85.9985.25 1 Powered by Capital Market - Live News