May 29, 2016 3:54 AM ET

Industrial Conglomerates

Company Overview of Avantha Group

Company Overview

Avantha Group engages in pulp and paper, power transmission and distribution equipment and services, food processing, farm forestry, chemicals, energy, infrastructure, and information technology (IT) and IT-enabled services businesses. The company manufactures writing and printing papers; transformers; bromine and bromine chemicals; and lightweight autoclaved aerated concrete, a termite, water, fire, sound, and earthquake resistant building material. It also engages in cultivating, processing, and marketing gherkins, jalapeños, pearl onions, capers, pritamin peppers, sweet and sour cherries, and sweet corn. In addition, the company generates power; and provides technology-enabled solutions a...

Thapar House

124, Janpath

New Delhi,  110001

India

Founded in 1919

Phone:

91 11 2336 8332

Fax:

91 11 2336 8729

Key Executives for Avantha Group

Founder, Chairman and Chief Executive Officer
Age: 53
Group Director of Finance and Member of Management Board
Age: 58
Chief Executive Officer of The Global Green Company Limited, Managing Director of The Global Green Company Limited and Director of The Global Green Company Limited
Age: 50
President of Consumer Business of Crompton Greaves and Executive Vice-President of Crompton Greaves
Compensation as of Fiscal Year 2015.

Avantha Group Key Developments

Avantha Group Company CG Wins Significant Order of USD 35 Million from PT PLN (Persero)

Avantha Group Company CG has won a significant order of USD 35 million (INR 2,360 million approx.) from PT PLN (Persero) to manufacture and install 28 power transformers ranging from 83.3 MVA to 167 MVA and rated Voltage 500 kV/150 kV. CG’s power transformers will be installed across PT PLN’s transmission network, spread over multiple substations and power plants in the Java, Sumatra and Kalimantan provinces of Indonesia. The delivery period is scheduled between May 2016 and March 2017. The order falls under a project funded by PT PLN to enhance the performance of the Indonesian transmission grid. Power transformers are critically important for PT PLN considering the present power situation in Indonesia. Through the deployment of CG’s power transformers, PT PLN will be able to lessen its dependence on the import of heavy equipment, while simultaneously executing a timely implementation of its transmission network strengthening programme. Bidding for the contract took the form of a competitive and transparent open book process introduced by PT PLN in 2012. All manufacturers taking part therefore had to pass stringent quality checks, particularly with regard to low losses and a higher degree of polymerization. The power transformers will be manufactured in CG’s world-class manufacturing facility in Indonesia, which comprises a vertical winding machine, a vapor phase drying oven and a state-of-the-art 500kVA test facility. CG won this order due to its successful track record with PT PLN, backed by a global recognition of its technical expertise in manufacturing and supplying high-voltage transformers.

CG and the CEA to Explore Solar Market Potential in India

Avantha Group Company CG and CEA (LITEN) have agreed to cooperate for a period of 12 months to investigate market potential and opportunities for Solar Photovoltaic (PV) system with storage function for Indian Airports. The agreement was formally announced during the recently held India-France Business Summit in Chandigarh. There is no capital investment in the first phase of this collaboration; however, following investigation if found suitable, the companies intend to set up manufacturing facilities using CG’s infrastructure and expertise in India and technology know-how of CEA for commercialising the business opportunity. Being a critical infrastructure Airports need significant energy backup. Use of Solar PV with battery backup is an innovative solution that will enable Indian airports to reduce carbon emissions by moving over the traditional diesel generator (DG) sets, at the same time make it an economical option given the considerable Time of Day (TOD) charges levied.

Avantha Group Company CG Wins Contract from Energinet.dk to Power Offshore Wind Farm in Baltic Sea

Avantha Group Company CG has won a contract from Energinet.dk to provide power transformers and gas insulated switchgear, or GIS, for the Kriegers Flak wind farm project in the Baltic Sea. The order consists of two onshore 500 MVA 410/235kV autotransformers (frame contract); four 220 MVA 32/225kV offshore platform substation transformers; and nine bays 220kV Gas Insulated Switchgear for the offshore platform substations. CG's equipment will maintain the overall short-term and long-term security of electricity supply from the wind farm. Kriegers Flak is to be developed in close partnership with their regional neighbours Sweden and Germany. The planned 600 MW offshore wind farm will act like a 'Supergrid', transmitting renewable energy through power grids to all three countries. It will be built in the waters between Mon, Denmark, southern Sweden and north Germany and its 130 wind turbines will produce around 2.1 TWh of electricity. The wind farm is planned to go into operation sometime between 2018 and 2020. It will help to more than double Denmark's wind power energy capacity to 42% and provide electricity to over 600,000 homes in the three countries.

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