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Crompton Greaves rises on unveiling high-tech smart grid facility in Bangalore

14 Jan 2014 Evaluate

Crompton Greaves is currently trading at Rs. 117.75, up by 0.95 points or 0.81% from its previous closing of Rs. 116.80 on the BSE.

The scrip opened at Rs. 117.25 and has touched a high and low of Rs. 119.50 and Rs. 115.70 respectively. So far 128688 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 136.80 on 26-Dec-2013 and a 52 week low of Rs. 71.70 on 25-Jun-2013.

Last one week high and low of the scrip stood at Rs. 131.15 and Rs. 115.45 respectively. The current market cap of the company is Rs. 7417.22 crore.

The promoters holding in the company stood at 42.51% while Institutions and Non-Institutions held 42.28% and 14.98% respectively.

In a bid to manufacture full-fledged smart grid devices, Crompton Greaves has unveiled high-tech smart grid facility at the Global Village, in Bangalore. The smart grid devices manufactured in this facility will facilitate numerical solutions to Indian utilities and industries in the Transmission and Distribution (T&D) segment and provide improvement in the electric grid to make it more efficient and reliable.

The said facility will also support economic development, foster job creation and boost an understanding of Smart Grid solutions in the energy field. The facility is fully equipped with modern equipment to ensure an annual production capacity of 10,000 units of power line carrier communication terminals (PLCC) and intelligent electronic devices (IED).

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.

 

CG Power & Indl.Soln Share Price

774.85 19.05 (2.52%)
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