CG wins 3 contracts from PGCIL valued at Rs 231.7cr

Avantha Group Company CG, a leader in the UHV (Ultra High Voltage) transmission segment bagged three contracts from Power Grid Corporation of India (PGCIL) for supply of 7 nos. 500 MVA single phase 765 kV auto transformers and 38 nos. 80 MVAR and 110 MVAR single phase 765 kV reactors, valued at Rs 231.7 crore (35 M€) for its Thiruvelum, Kurnool, Raipur and Wardha substations.

The scope of the contracts includes design, manufacturing, factory testing, dispatch, erection, site testing, commissioning and related civil construction, at various locations in India. The products will be manufactured at CG's Bhopal plant and the projects are expected to be completed within 31 months.

As India migrates to 765 kV as the national transmission backbone, CG plays the most vital role in building that grid. CG enjoys the highest market share in the UHV segment having developed the technology and manufactured the same indigenously. The products are both cost effective and optimally designed.

Commenting on this prestigious win, Avantha Group Company CG's CEO & Managing Director, Mr. Laurent Demortier said: "I am very proud and thankful to PGCIL for continuing to repose trust in our products and technological expertise. UHV is a key segment for CG and CG remains committed to deliver high quality, cost effective products and services to fuel the economic growth of the country."

About Avantha Group Company CG

Avantha Group Company CG is a global pioneering leader in the management and application of electrical energy. With more than 15,000 employees across its operations in around 85 countries, CG provides electrical products, systems and services for utilities, power generation, industries, and consumers. The company is organized into four business groups: Power, Industrial, Automation and Consumer. CG clocks US$ 2.3 billion in revenues from product lines that cover the entire value chain of engineering offerings.

For more information on CG, please visit: www.cgglobal.com.

About Avantha

The US$4bn Avantha Group is one of India's leading business conglomerates. Its successful entities include BILT, Crompton Greaves, The Global Green Company, Avantha Power & Infrastructure, Solaris ChemTech Industries, Biltech Building Elements, Salient Business Solutions and Avantha Technologies. With a global footprint, the Group operates in 90 countries with more than 25,000 employees worldwide. The Group has business interests in diverse areas including power transmission and distribution equipment and services, paper and pulp, energy and infrastructure, food processing, farm forestry, insurance, chemicals, IT and ITES. Led by Gautam Thapar, Avantha demonstrates strong leadership globally and emerges as a focused corporate, leveraging its knowledge, leadership and operations, adding lasting value for its stakeholders and investors.