Crompton Greaves jumps on completing LED street lighting project in Bengaluru
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Crompton Greaves Consumer Electricals is currently trading at Rs. 475.70, up by 10.55 points or 2.27% from its previous closing of Rs. 465.15 on the BSE.
The scrip opened at Rs. 466.50 and has touched a high and low of Rs. 476.70 and Rs. 465.85 respectively. So far 23530 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 483.65 on 02-Sep-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. 483.65 and Rs. 456.15 respectively. The current market cap of the company is Rs. 30537.21 crore.
The Institutions and Non-Institutions held 85.99% and 14.01% stake in the company.
Crompton Greaves Consumer Electricals has completed a landmark LED street lighting project on Bengaluru’s Satellite Town Ring Road (STRR) in partnership with SNC (Shankaranarayana Construction) for National Highways Authority of India (NHAI) - NH648. This transformative initiative marks a significant step towards enhancing road safety along key national highways.
The 280-kilometer STRR is a vital infrastructure project connecting 12 major towns. Designed to alleviate traffic congestion and boost economic growth in the Bengaluru region, the STRR is poised to revolutionize transportation. As the leading OEM lighting solution provider for NHAI projects, Crompton played a pivotal role in illuminating a critical corridor between Dobaspete - Doddaballapur on a stretch of 42 Kms with cutting-edge LED-powered street lights thereby ensuring the project's success.
To meet the stringent illumination standards set by NHAI, Crompton engineered an advanced lighting design that ensures optimal visibility for all road users. The deployment of over 2,000 high-efficiency streetlights ranging from 220W to 270W, coupled with more than 1,300 poles, has significantly improved road safety while reducing electricity consumption by up to 50% compared to traditional lighting solutions.
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.
