Crompton Greaves is trading higher by 2% at Rs 80 in opening trades after the company said it bagged three contracts from Power Grid Corporation of India (PGCIL), valued at Rs 232 crore for its Thiruvelum, Kurnool, Raipur and Wardha substations.
Crompton Greaves will supply seven 500 MVA single phase 765 kV auto transformers and thirty-eight 80 MVAR and 110 MVAR single phase 765 kV reactors, for these substations.
Crompton Greaves would be responsible for designing, manufacturing, factory testing, dispatch, erection, site testing, commissioning and related civil construction, at various locations in India.
The products will be manufactured at company’s Bhopal plant and the projects are expected to be completed within 31 months.
Meanwhile, the board of directors of the company is schedule to meet tomorrow to consider the share buyback proposal.
Crompton Greaves will supply seven 500 MVA single phase 765 kV auto transformers and thirty-eight 80 MVAR and 110 MVAR single phase 765 kV reactors, for these substations.
Crompton Greaves would be responsible for designing, manufacturing, factory testing, dispatch, erection, site testing, commissioning and related civil construction, at various locations in India.
The products will be manufactured at company’s Bhopal plant and the projects are expected to be completed within 31 months.
Meanwhile, the board of directors of the company is schedule to meet tomorrow to consider the share buyback proposal.
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