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Crompton Greaves gains on bagging order for installation of high-end transformers

21 May 2014 Evaluate

Crompton Greaves is currently trading at Rs. 192.50, up by 1.45 points or 0.76% from its previous closing of Rs. 191.05 on the BSE.

The scrip opened at Rs. 191.80 and has touched a high and low of Rs. 195.65 and Rs. 185.10 respectively. So far 309334 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 199.95 on 20-May-2014 and a 52 week low of Rs. 71.70 on 25-Jun-2013.

Last one week high and low of the scrip stood at Rs. 199.95 and Rs. 170.40 respectively. The current market cap of the company is Rs. 12091.30 crore.

The promoters holding in the company stood at 42.67 % while Institutions and Non-Institutions held 42.47 % and 14.64 % respectively.

Avantha Group Company Crompton Greaves (CG) has bagged an order from CAMEG (Comptoir Algerien du Materiel Electrique et Gazier) for the supply and installation of 60kV Instrument Transformers at numerous substations across Algeria. The company will provide indigenously built high-voltage equipment worth 4 million euro, which include 800x60 kV Current Transformers, 800x60 kV Capacitive Voltage Transformers, and 250x60 KV Inductive Voltage Transformers.

The project commenced in April 2014 and will be completed by October 2015. CG’s manufacturing facilities in Nashik and Aurangabad will be a part of the project that involves CG delivering equipment to substations at Algiers, Oran, Skikda, DjenDjen and Mostaganem.

CAMEG is a subsidiary of Algeria’s state-owned energy company Sonelgaz, in charge of electricity and natural gas distribution in the country. Sonelgaz is investing heavily to expand and upgrade Algeria’s power generation and distribution network. CG’s high-end transformers will play a vital role in improving the reliability of the Algerian energy infrastructure.

CG Power & Indl.Soln Share Price

774.85 19.05 (2.52%)
17-Apr-2026 16:59 View Price Chart
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