CG Power’s arm bags order worth $55 million from Persero

12 Feb 2018

CG Power & Industrial Solutions’ (CG) wholly owned subsidiary - CG Power Systems Indonesia has bagged an order from Indonesian state utility PT PLN (Persero) for manufacturing and supply of 64 units of Power Transformers valued at $55 million. This project is the first of its kind to be funded by Islamic Development Bank to support PLN’s ambitious goal to enhance its Transmission Grid performance.

The project will be completed by December 2018 and is going to play a critical role in its ongoing 35GW Fast Track Program. CG Power will complete the supplies against the order by December 2018. The order was secured through an open book process participated by six established bidders, including four multinational companies, where CG got the highest award of 37% of the total value. This is the 8th tender won by CG as a leader which comprised of eight different ratings in a wide capacity and voltage range.

The scope of work includes site survey, design, manufacturing, supply and installation of 64 units (4400 MVA) of Power Transformers in PLN regions spread from Aceh to Papua over Sumatra, Java, Kalimantan, Sulawesi, Papua and Malukku Islands of Indonesia.

Avantha Group Company CG Power and Industrial Solutions (formerly Crompton Greaves) is a global pioneering leader in the management and application of electrical energy. CG provides end-to-end solutions that meet all electrical needs of its customers. CG’s offerings include electrical products, systems and services for utilities, power generation and industries.

Related CG Power & Industrial Solutions Ltd. Links:

CG Power & Indl.Soln Share Price

16.62 0.00 (0.00%) Nov 13, 18:51
1 Year Price Chart
Peers
Company Name CMP
Siemens 1633.25
ABB India 1491.05
Havells India 674.50
CG Power & Indl.Soln 16.62
Apar Inds 509.00
View more..
Sensex vs CG Power & Indl.Soln
Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

Callback

8055769463

8055769463