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April 19, 2015 12:28 PM ET

Electrical Equipment

Company Overview of Crompton Greaves Limited

Company Overview

Crompton Greaves Limited provides various electrical products and services for utilities, industries, and consumers primarily in India. It operates in four segments: Power Systems, Consumer Products, Industrial Systems, and Other. The Power Systems segment offers power and distribution transformers, switchgears, circuit breakers, vacuum interrupters, network protection and control gears, and reactors, 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 sub-station projects and solutions, including end to end renewable projects. The Consumer Products segmen...

CG House

6th Floor

Dr. Annie Besant Road

Worli

Mumbai,  400030

India

Founded in 1937

9,500 Employees

Phone:

91 22 2423 7777

Fax:

91 22 2423 7788

Key Executives for Crompton Greaves Limited

Chief Executive Officer, Managing Director, Executive Director and Member of Stakeholders Relationship Committee
Age: 53
Total Annual Compensation: $12.0M
Compensation as of Fiscal Year 2014.

Crompton Greaves Limited Key Developments

Avantha Group Company CG Wins INR 11.5 Million Order from PGCIL

Avantha Group Company CG announced that the company has bagged a significant order from Power Grid Corporation of India Limited (PGCIL) for the supply of 80 MVAR 765kV Shunt Reactors valued at INR 11.5 million. The scope of this contract to be executed in 20 months includes design, engineering, manufacture, shop testing, supply, erection testing and commissioning at site, and other associated civil works. These reactors will be installed at PGCIL's Vemagiri and Srikakulam Sub-stations in the state of Andhra Pradesh and will add to the existing population of over 100 CG made reactors already in commission in PGCIL's UHV network. This order reinforces CG's existing leadership in the UHV transmission segment in India and its long standing relationship with the Central Transmission Utility. CG won this order beating stiff global competition and its successful track record having partnered with PGCIL for multiple projects. These reactors when commissioned will not only enhance the transmission efficiency of the national grid, but will also improve the quality of power that reaches the consumer.

Crompton Greaves Limited Announces Executive Changes

Crompton Greaves Limited has appointed K N Neelkant as Executive Vice - President and President of Industrial Business Unit. He will be taking over the reins ofhte industrial business of CG from Mr. Anil Raina, will be retiring from the company on March 31, 2015.

Crompton Greaves To Reportedly Sell Its Consumer Durables Business To Advent

Crompton Greaves Limited (BSE:500093) is close to reaching agreement to sell a 35% stake in its consumer business to Advent International Corporation for about $300m, according to two people familiar with the situation. Part of the capital Advent plans to put into the consumer side of Crompton Greaves, will go to repay about $250m of expensive junior debt owned by Apollo and KKR at the holding company level.

Recent Private Companies Transactions

Type
Date
Target
Spin-Off/Split-Off
October 16, 2014
Crompton Consumer Products Limited
Merger/Acquisition
October 16, 2014
Crompton Greaves Limited, Land Parcel at Kanjurmarg
 

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