Crompton Greaves is currently trading at Rs. 195.45, up by 2.50 points or 1.30% from its previous closing of Rs. 192.95 on the BSE.
The scrip opened at Rs. 195.00 and has touched a high and low of Rs. 196.50 and Rs. 194.80 respectively. So far 1,50,000 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 231.00 on 10-Sep-2014 and a 52 week low of Rs. 101.65 on 29-Jan-2014.
Last one week high and low of the scrip stood at Rs. 196.50 and Rs. 185.45 respectively. The current market cap of the company is Rs. 12,531.00 crore.
The promoters holding in the company stood at 34.38% while Institutions and Non-Institutions held 45.79% and 19.68% respectively.
Crompton Greaves (CG) has sealed a prestigious deal with PT PLN (Perusahaan Listrik Negara) Indonesia, for the manufacture and supply of 37 units of 60MVA, 30MVA and 150/20kV Power Transformers. Valued at $26 million, CG’s power transformers will be installed across PT PLN’s transmission network, in 36 different substations in Sumatra, Java, Bali, Kalimantan and the Sulawesi islands of Indonesia. This project is being funded by IBRD - World Bank, in collaboration with the Government of Indonesia, for the purpose of strengthening Indonesia’s power networks.
The order was won under a competitive international public bidding process and represents the first of its kind won by CG Indonesia. The project scope includes the design, manufacturing, factory testing, site installation and testing, and the pre-commissioning of the transformers over a period of 18 months.
CG was selected for this project due to its successful track record in Indonesia, backed by a global recognition of its technical expertise in manufacturing and supplying high-voltage transformers at the best quality to price ratio.
Crompton Greaves is a global pioneering leader in the management and application of electrical energy. With more than 15,000 employees across its operations in around 85 countries, CG provides electrical products, systems and services for utilities, power generation, industries, and consumers.
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