September 29, 2016 3:42 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: 54
Group Director of Finance and Member of Management Board
Age: 59
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: 51
President of Consumer Business of Crompton Greaves and Executive Vice-President of Crompton Greaves
Compensation as of Fiscal Year 2016.

Avantha Group Key Developments

Avantha In Talks To Sell Jhabua power Project

Avantha Group is in advanced talks to sell its Jhabua power project in Seoni, Madhya Pradesh, to a joint venture led by ICICI Venture Funds Management Company Limited and The Tata Power Company Limited (BSE:500400).

Avantha Group Puts Ballarpur and Asthi on Block

Avantha Group puts Ballarpur Industries Limited (BSE:500102) and Asthi on block. Gautam Thapar, Chairman of Avantha Group, said, “Ballarpur Industries and Asthi are our oldest units. Without your hard work and loyalty, we would not have made BILT a household name in paper in India and abroad. I thank each one of you for your dedication and more than 60 years of loyalty. The reason for the desperate move to sell the units was known.” Ballarpur and Asthi are the latest in a series of assets the group has put on the block to pull itself out of its debt spiral.

Avantha Group Company CG Wins $35 Million Order from Persero to Install Power Transformers

Avantha Group Company CG, or CG, has won an order of $35 million from PT PLN, or Persero, to manufacture and install 28 power transformers ranging from 83.3MVA to 167MVA and rated voltage 500kV/150kV. 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 500kVA test facility.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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