Crompton Greaves is currently trading at Rs 205.80, up by 2.85 points or 1.40% from its previous closing of Rs 202.95 on the BSE.
The scrip opened at Rs 205.00 and has touched a high and low of Rs 208.65 and Rs. 203.90 respectively. So far 380104 shares were traded on the counter.
The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 219.25 on 11-Jun-2014 and a 52 week low of Rs. 75.25 on 28-Aug-2013.
Last one week high and low of the scrip stood at Rs 204.90 and Rs 192.50 respectively. The current market cap of the company is Rs 12934.30 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) - joint venture (JV) -- CG Lucy has inaugurated its new Ring Main Unit (RMU) production facility at Nashik in state of Maharashtra. The facility offers RMUs for enhancing the efficiency of power distribution networks, preventing transformer burnouts and is equipped with a partial discharge testing facility up to 33kV.
The new facility is the fruition of CG’s expansion strategy in the domestic market. CG Lucy has more than doubled its capacity to produce 1000 RMUs per month for the growing demand of reliable and secure power supply in the rapidly expanding Indian subcontinent. Built with an investment of Rs 10 crore, this plant is spread across an area of 3,500 square meters and aims to employ 200 people.
Incorporated in 1994, CG Lucy Switchgear is a joint venture company between CG and W. Lucy & Company, Oxford, UK.
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