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September 01, 2015 8:42 AM ET

Industrial Conglomerates

Company Overview of Avantha Group

Company Overview

Avantha Group operates in pulp and paper, power transmission and distribution equipment and services, food processing, farm forestry, chemicals, energy, infrastructure, information technology, and information technology-enabled services businesses. It engages in the manufacture of writing and printing papers; management and application of electrical energy; design, manufacture, and marketing of electrical products; cultivation, processing, and marketing of gherkins, jalapenos, pearl onions, capers, pritamin peppers, sweet and sour cherries, and sweet corn; manufacture of bromine and bromine chemicals, phosphoric acid, caustic soda, and chlorine; generation of electric power; and production o...

Thapar House

124, Janpath

New Delhi,  110 001

India

Founded in 1919

Phone:

91 11 2336 8332

Fax:

91 11 2336 8729

Key Executives for Avantha Group

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 Names Shantanu Khosla as Executive Vice President and Managing Director of the Consumer Business of CG

Shantanu Khosla has been named as new Executive Vice President and Managing Director Designate of the Consumer business of CG by Avantha Group Company CG. A graduate of the Indian Institute of Technology, Bombay and the Indian Institute of Management, Calcutta, he joined as a Management Trainee in Richardson Hindustan Limited that was rechristened as Procter & Gamble India in 1985. Shanta worked there since that time in several positions, Shantanu has a broad range of experience of managing consumer business across markets, product categories and functions.

Avantha Group Company CG Wins an Important Contract to Supply ZIV Data Concentrator Units to Energias de Portugal (EDP)

Avantha Group Company CG has won an important contract to supply ZIV Data Concentrator Units (DTC – Distribution Transformer Controllers) to Energias de Portugal (EDP). ZIV’s 4CTT model is nowadays the reference DCU in the market after becoming the first model certified by the PRIME alliance last year and having proven a robust performance onsite. In addition to several management functions, Data Concentrator Units retrieve and store data from the meters and periodically send it to the Management System. CG bagged the lot for the supply of this second batch of Data Concentrators. A year ago, EDP began the deployment of PRIME Advanced Metering Infrastructure (AMI) in Portugal, selecting CG as the main supplier of data concentrators. EDP Distribuição, is an EDP Group Company operating in the regulated distribution and supply businesses in Portugal, with more than 6 million clients and 220,000 km network. EDP Distribuição has already installed 3,000 DTCs within the scope of the InovGrid project. InovGrid was conceptualised to introduce AMI improvements in the network, benefitting its customers. The target for 2015 is to reach an aggregated figure of 10,000 PRIME DTCs. CG foresees a strong growth in the Smart Grid segment with ZIV solutions, especially after a successful year with key wins from some of the most relevant and innovative European Utilities such as Iberbrola, Gas Natural Fenosa in Spain, EDP in Portugal and ERDF in France, as well as a strategic win in Saudi Arabia that will open the door to a promising market growth in this financial year, 2015-2016. CG offers ZIV meters, data concentrator units (DCUs) and distribution automation solutions (DAS).

Avantha Group Company CG, Cofely Fabricom and Lemants Win the Contract for the Turnkey Supply and Installation of HV Offshore Substation for the 400 MW Veja Mate Offshore Project GmbH

Avantha Group Company CG, along with other consortium partners Cofely Fabricom and lemants, has been awarded the contract for the turnkey supply and installation of HV offshore substation for the 400 MW Veja Mate Offshore Project GmbH. The scope of work for CG includes the electrical engineering, grid compliance studies, HV/MV equipment supply, installation and commissioning. The equipment will be installed at the 400 MW offshore substation for the Veja Mate wind farm located over 100 kilometers off the German coast in the North Sea. The project will be brought online before the end of 2017. The 400 MW Veja Mate wind farm comprises of 67 wind turbines (6MW) and will be connected to the German high voltage grid via the BorWin2 converter platform. Veja Mate will produce enough electricity for over 280,000 households and reduce CO2 emissions by over 570,000 tons per year. This project adds to the growing list of 12 offshore substations utilising CG high voltage AC (alternating current) solutions, with a total offshore wind generation capacity of nearly 3500 MW power. The accumulated contract value on these offshore wind high voltage transmission scope projects, including Veja Mate represents, approximately EUR 200 million. Offshore wind is a major component of Europe's target to harness 20% of its energy from renewable sources. Currently, 12 projects are under progress and once completed, they will increase the installed capacity by around 3 GW, bringing the cumulative capacity in Europe to nearly 11 GW.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 21, 2015
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