New Delhi, Oct. 24 -- Crompton Greaves Consumer Electricals Ltd. on Friday announced the acquisition of a significant solar rooftop order valued at Rs.445 crores. This project, which is the largest in the company's solar portfolio, will involve the installation of 2 KW on-grid rooftop systems across over 40,000 households in Andhra Pradesh, it said in a stock exchange filing.

The 77 MW project marks a rapid expansion for Crompton in the solar rooftop market, following its entry into the sector just two months ago. Earlier this month, the company secured a Rs.52 crore order, indicating strong market traction and execution capabilities. The solar rooftop segment is projected to grow annually by over 20%, driven by factors such as improved ...