Crompton Greaves inches up on partnering with Eastern Engineering to implement solar street lighting project in Orissa
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Crompton Greaves Consumer Electricals is currently trading at Rs. 467.55, up by 0.15 points or 0.03% from its previous closing of Rs. 467.40 on the BSE.
The scrip opened at Rs. 468.65 and has touched a high and low of Rs. 470.25 and Rs. 464.70 respectively. So far 23132 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 479.20 on 22-Aug-2024 and a 52 week low of Rs. 262.10 on 22-Mar-2024.
Last one week high and low of the scrip stood at Rs. 479.20 and Rs. 453.05 respectively. The current market cap of the company is Rs. 30078.87 crore.
The Institutions and Non-Institutions held 85.99% and 14.01%, stake in the company respectively.
Crompton Greaves Consumer Electricals has partnered with Eastern Engineering, one of the foremost project contracting companies, to successfully implement a landmark solar street lighting project at Birmitrapur Municipality, Orissa. This transformative project illuminates the municipality with cutting-edge solar-powered street lights, marking a significant step towards a safer and more sustainable Orissa.
The Birmitrapur Municipality aimed to enhance public safety and security by lighting up critical off-grid areas. Adequate and proper lighting is essential to reduce accidents, deter criminal activity, and create a sense of safety among residents, especially in areas that previously lacked reliable illumination. Recognizing the need for a sustainable and cost-effective solution, the municipality has implemented an advanced lighting infrastructure by Crompton. Leveraging Crompton's expertise in solar lighting technology, high-performance solar street lights were installed across 5 kilometers of road. This initiative not only enhanced visibility but also elevated the cityscape, creating a safer and more vibrant community through improved lighting.
Crompton engineered a 9000-lumen integrated solar street light solution to meet the specific illumination requirements of the Birmitrapur Municipality, significantly enhancing road safety and improving the overall quality of life for residents.
Crompton Greaves Consumer Electricals manufactures and markets a wide spectrum of consumer products ranging from fans, light sources and luminaires, pumps and household appliances, such as geysers, mixer grinders, toasters and irons.
