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Crompton Greaves surges on securing multi-million pound order

12 Jan 2012 Evaluate

Crompton Greaves is currently trading at Rs 135.85, up by 3.10 points or 2.34% from its previous closing of Rs 132.75 on the BSE.

The scrip opened at Rs 133.00 and has touched a high and low of Rs 136.95 and Rs 132.15 respectively. So far 127678 shares were traded on the counter.

The BSE group 'A' stock of face value Rs 2 has touched a 52 week high of Rs 301.00 on 12-Jan-2011 and a 52 week low of Rs 107.15 on 22-Dec-2011.

Last one week high and low of the scrip stood at Rs 136.95 and Rs 124.50 respectively. The current market cap of the company is Rs 8672.97 crore.

The promoters holding in the company stood at 41.69% while Institutions and Non-Institutions held 38.06% and 20.00% respectively.

Crompton Greaves has secured multi-million pound order to design, engineering, supply and install Onshore and Offshore Substations at the 219 MW Humber Gateway offshore wind farm in UK. Humber Gateway is a Round 2 Offshore Wind Project owned by E.ON. The scheme is based on 73 multi megawatt turbines, power from which will be collected and delivered to the 280 MVA offshore substation platform. The substations are scheduled to be installed and commissioned in 2013 and to become fully operational in early 2014.

The company’s scope in the said contract includes detailed electrical system design with grid code compliance, supply of a high voltage Offshore Substation consisting of two step up power transformers, medium voltage and high voltage GIS installed by E.ON on a single jacket foundation and a 132/275 kV onshore substation works including two large autotransformers, reactive power compensation equipment, high voltage switchgear, an IEC 61850 based SCADA, protection and control, and civil works.

CG Power & Indl.Soln Share Price

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