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Shares of Crompton Greaves have risen 3% at Rs 185 on the Bombay Stock Exchange (BSE) after the company announced that it has won three orders from Energy Efficiency Services for the implementation of energy efficiency projects in the country.
Crompton Greaves said it won three orders from Energy Efficiency Services (EESL), a joint venture set up by the Power Ministry comprising of four public sector undertakings - NTPC, PFC, REC and Power Grid, for the implementation of energy efficiency projects in the country.
The company said it will supply close to 4 million LED lamps to EESL for its different projects, the first of which was launched in Andhra Pradesh to distribute 7W LED lamps to consumers at an affordable price, followed by the project in Delhi.
The move is part of the government's plan to boost energy efficiency through widespread use of Light Emitting Diode (LED) technology-based lighting solutions in the country.
The stock opened at Rs 183 and touched a high of Rs 186 on BSE. Over 3 lakh shares have changed hands on the BSE till 1019 hours.
