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NSE
15.95
Change Change %
-0.35 -2.15%

Updated:11 Nov, 2019, 16:00 PM IST

BSE
15.92
Change Change %
-0.35 -2.15%

Updated:11 Nov, 2019, 16:01 PM IST

Crompton Greaves was established in 1937; is a flagship company of the $3 bn Avantha Group. It was earlier known as Crompton Parkinson Works.

CGL is engaged in designing, manufacturing and marketing electrical products and services related to power generation, transmission and distribution. The company ventures into three business groups such as power systems, industrial systems, and consumer products.

Crompton Greaves exports it wide range of products to over 60 countries across globe. In transformer business the company is a market leader and commands a market share of 18%.

In India the company has 22 manufacturing divisions spread across in Gujarat, Maharashtra, Goa, Madhya Pradesh and Karnataka along with this it has marketing and service network of 14 branches across various states. It has four regional sales offices located in Delhi, Kolkata, Mumbai and Chennai.

It has a large customer base, which includes State Electricity Boards, Government bodies and large companies in private and public sectors.

Crompton Greaves concluded an agreement with Nelco on April 2010, to acquire its traction electronics, SCADA and industrial drives businesses, on a slump sale basis. The value of the acquisition was about Rs 92 crore and this acquisition enabled the company to become a stronger and more comprehensive player in the railways business segment and build capabilities in drives by better leveraging on its existing product portfolio.

In June 2010 it has set up a new transformer manufacturing facility in Washington, Missouri, U.S.A. with an initial investment of $20 million through its subsidiary CG Power Systems USA.

It received Scheme of Amalgamation with Brook Crompton Greaves (BGCL), a wholly owned subsidiary of the company on July 2010

In August 2010 Crompton Greaves, through its subsidiary CG Holdings Belgium NV, has entered into one more definitive Memorandum of Undertaking with the EIC Group, headquartered in Saudi Arabia, for establishing a second Joint Venture (JV) Company in order for consolidating its business presence in the EPC segment in Middle East countries.

In September 2010 Crompton Greaves has entered into a Joint Venture (JV) pact with Spain headquartered –– ZIV Aplicaciones y Tecnologia, S.L (ZIV) –– to establish a JV Company in India, for the manufacture of Substation Automation Systems for Substations in EHV and UHV range, including protective relays, differential relays, bay control units, bus–bar systems, substation units, etc.

In November 2010 Crompton Greaves power products firm, part of the $4 billion Avantha Group, has won the CII–EXIM Bank 2010 awards for business excellence. The awards were distributed on the inaugural day of the three day National Quality Summit 2010, organized by Confederation of Indian Industry CII.The awards are given to companies in manufacturing and services sector in recognition of highest quality measured across various parameters by the CII and Export Import (EXIM) Bank.

In January 2011, directors approved a Scheme of Amalgamation of CG Capital & Investments Limited (a wholly owned subsidiary) with Crompton Greaves Limited. The amalgamation will be effective from April 01, 2010 (Appointed Date), subject to receipt of all Regulatory approvals.

Products

Power Systems– Under this it manufactures transformers, switchgears and power quality products like harmonic filters, power quality monitors, transient suppressors, current limiting reactors and reactive power compensation systems. It also offers power quality services such as audits, system design, consulting etc. It also undertakes engineering projects providing total solution for power transmission and distribution.

Industrial systems– Under this segment it manufactures and markets wide range of electric motors such as Fractional Horse Power Motors, LT Motors, HT Motors, DC Machines, Stampings, Traction Motors and Alternators, Electrical Control Panels for diesel electric locomotives and Railway Signaling Products.

Consumer Products– It manufactures consumer products such as fans, lamps, pumps and a range of electrical appliances such irons, mixers, etc.

It also manufactures telecom solutions such as switching, transmission and access products for telecommunications network and information technology services.

Milestones

It was first company to introduce an under light ceiling fan in the year 1989.

It was first to introduce 12 inch wall fan in high speed.

The company’s research and development and quality division has been certified to ISO 27001:2005 by UL India.

Its industrial transformer division located at Malanpur is amongst the few units in India, to have been accredited both ISO 14001 and OHSAS 18001, certification for occupational health and safety management system.

2010
– Crompton Greaves Ltd has entered into a Joint Venture Agreement with ZIV Aplicaciones y Tecnologia, S.L (ZIV)., headquartered in Spain, for establishing a Joint Venture Company in India, for the manufacture of Substation Automation Systems for Substations in EHV and UHV range, including protective relays, differential relays, bay control units, bus–bar systems, substation units, etc
2011
– Company has been awarded a contract as franchisee of Maharashtra State Electricity Distribution Company Ltd. for power distribution in Jalgaon Circle in Maharashtra for a period of 10 Years.
– CG acquires New Jersey based QEI Inc.
– Crompton Greaves Ltd acquires Sweden based Emotron Group.
2012
– Crompton Greaves Acquires leader in smart Grid Automation : ZIV Group.


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