Company Overview of Crompton Greaves Limited
Crompton Greaves Limited provides various solutions to utilities, industries, and consumers for the management and application of electrical energy worldwide. It operates through Power Systems, Industrial Systems, and Automation Systems segments. The Power Systems segment offers power and distribution transformers, reactors, switchgears, circuit breakers, vacuum interrupters, and network protection and control gears, as well as power supervisory control and data acquisition systems (SCADA). This segment also undertakes design, execution, and servicing of turnkey transmission and distribution, as well as substation projects and solutions, including end to end renewable projects. The Industria...
Dr. Annie Besant Road
Founded in 1937
Key Executives for Crompton Greaves Limited
Chief Executive Officer, Managing Director, Executive Director and Member of Stakeholders Relationship Committee
Total Annual Compensation: 4.1M
Chief Financial Officer, Chief Information Officer, Executive Vice President, Executive Director of Finance and Executive Director
Total Annual Compensation: 31.5M
Chief Technology Officer and Vice President
Global Head of Legal, Govenance & Risk and Executive Vice President
Global Head of Human Resources and Executive Vice President
Compensation as of Fiscal Year 2016.
Crompton Greaves Limited Key Developments
Crompton Greaves Seeks Shareholders Nod To Sell Stake In 2 Overseas Units
Jul 22 16
Crompton Greaves Limited (BSE:500093) is seeking sale of subsidiaries. “Crompton Greaves has sought shareholders' approval to sell its entire investment in CG Holdings Belgium NV and 51% stake in PT Crompton Prima Switchgear Indonesia. The divestment is part of the company's plan to divest its power business in Europe, North America and Indonesia at an enterprise value of about €115 million. The special resolution for divesting company's stake in these firms have been placed on the agenda of annual general meeting August 30, 2016,” Crompton Greaves said in a regulatory filing. The proposal provides for divesting company’s entire investment in its subsidiary CG Holdings Belgium NV including in its subsidiaries and identified assets. Besides, it provides for selling 51% stake in PT Crompton Prima Switchgear Indonesia held by the Company's subsidiary, CG International Holding Singapore PTE. LTD. Crompton Greaves said, “In order to refocus on India operations, the Board considered it prudent to evaluate monetization options for its Non-India T&D business. Towards this, the Board has on March 9, 2016 decided to divest the Company s power business in Europe, North America and Indonesia at an enterprise value of €115 million."
Crompton Greaves Seeks ZIV Sale
Jun 15 16
Crompton Greaves Limited (BSE:500093) is seeking to sell ZIV Aplicaciones y Tecnología, S.L. at a valuation of $112 million by September, 2016. The company has appointed bankers to sell the business.
Crompton Greaves Limited Reports Audited Standalone Earnings Results for the Fourth Quarter and Year Ended March 31, 2016
May 27 16
Crompton Greaves Limited reported audited standalone earnings results for the fourth quarter and year ended March 31, 2016. For the quarter, the company reported total income from operation of INR 11,296.8 million compared to INR 11,614.1 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 651.6 million compared to INR 394.6 million a year ago. Loss from ordinary activates before tax was INR 13,183.1 million compared to profit from ordinary activities before tax of INR 2.556 million a year ago. Net loss for the period was INR 13,217.45 million compared net profit for the period of INR 840.9 million a year ago. Diluted loss per share was INR 21.09 compared to diluted earnings per share of INR 1.34 a year ago.
For the year, the company reported total income from operation of INR 39,598.4 million compared to INR 42,301.7 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,192.9 million compared to INR 1,526.7 million a year ago. Loss from ordinary activates before tax was INR 11,495.8 million compared to profit from ordinary activities before tax of INR 3,415.7 million a year ago. Net loss for the period was INR 10,919.7 million or INR 17.42 per diluted share compared to net profit for the period of INR 5,891.4 million or INR 9.40 per diluted share a year ago.
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