Crompton Greaves will establish a 100 MVA (mega volt ampere) power transformer plant and high tension switchgear unit at a cost of $30 million (about Rs 135 crore) in Brazil. This expansion will create a local manufacturing platform that will transform the company into a significant player in the Latin American Market.
The installed capacity of the plant will be about 6,000 MVA. Brazil is the biggest transmission and distribution market in Latin America of about $2.3 billion (Rs 10,350 crore) and a burgeoning domestic demand. A 10-year energy expansion plan pegs Brazil's consumption to go up to 620,000 GW from 350,000 GW.crackcrack
Got a minute? Help us shape our products!
Thank you for being a registered user on MoneyWorks4me (SEBI Registered: INA000013323) - with 2.75 lac+ registered users.
We are working on shaping our products to enable you confidently invest in stocks. Towards this we want to understand your needs and priorities better. It will only take a minute and would help us serve you better!
What more? You get special offer as token of appreciation of your valuable feedback once new version is launched. We assure you it will be a solution you will be happy to use!