Kolkata : Crompton Greaves Consumer Electricals
Ltd. (Crompton), one of India's leading consumer electrical companies,
announced a landmark milestone by securing its first major solar rooftop order
in the market of Telangana of ₹52Crs. This strategic move emphasizes Crompton’s
commitment to driving growth in sustainable energy solutions with a strong
right to win through its trusted brand and strong distribution network with
capability to scale. Crompton is well-positioned to leverage the large and
growing solar rooftops market of₹20,000–₹25,000 Crs, expected to grow at a fast
clip of 20%+.
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. The combined solar pumps and
solar rooftops segment represents a large opportunity size of ₹40,000–₹50,000
Crs. 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. mentioned, "The renewable energy sector,
particularly solar rooftops, presents a transformative opportunity for India’s
energy landscape. Crompton’s entry into this segment 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.”
He further added, “Securing our first major
solar rooftop order is a significant milestone for the category. This validates
our capabilities and sets the stage for rapid growth in a sector that is
witnessing tremendous demand. Leveraging our brand strength and distribution
reach, we are well-positioned to create meaningful impact and deliver value to
our consumers and the broader ecosystem.The potential for this ₹20,000–₹25,000
Crs category is immense, and we are committed to driving innovation and
excellence as we expand our footprint."
This successful entry into the solar
rooftop segment is not just an addition to Crompton's portfolio, it represents
a pivotal shift towards becoming a comprehensive partner in energy efficiency
and sustainability. By actively harnessing India's solar energy potential,
Crompton is reinforcing its commitment to its Environmental, Social, and
Governance (ESG) mandates and cementing its role as a forward-thinking consumer
electrical leader ready to capitalize on the next wave of India’s energy
demands.
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