Crompton Greaves is currently trading at Rs. 183.90, up by 3.75 points or 2.08% from its previous closing of Rs. 180.15 on the BSE.
The scrip opened at Rs. 183.00 and has touched a high and low of Rs. 185.00 and Rs. 182.30 respectively. So far 253769 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. 131.90 on 05-Mar-2014.
Last one week high and low of the scrip stood at Rs. 184.20 and Rs. 171.50 respectively. The current market cap of the company is Rs. 11569.73 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 has won three prestigious 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 is the only player in the entire lighting industry to qualify for all three orders for energy efficient LED lamps from EESL, as per their technical and commercial requirements.
The company 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.
This initiative will help to promote extensive use of LEDs as an energy efficient option, leading to high savings on energy bills for the end consumer. This will also help the Government to offset the power deficit in the country through energy conservation.
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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