Crompton Greaves wins Euro 17 million from Spanish utility GNF

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Capital Market
Last Updated : Sep 28 2015 | 12:47 PM IST

For supply of ZIV single and three phase smart meters

Crompton Greaves has won a Euro 17 million (Rs 125 crore) contract to supply ZIV single and three phase smart meters to Gas Natural Fenosa (GNF) and will be the main supplier for the utility.

ZIV smart meters will cover a large part of the demand for domestic meters from GNF, having won the prestigious order for supplying 750,000 single phase smart meters last year.

In order to meet the growing market demand with agility, Crompton Greaves has already conducted an expansion and modernisation of its plant in Zamudio, Spain, with new automatic assembly lines capable of producing over 2 million smart meters annually. ZIV's single phase meter model is nowadays the reference smart meter in the PRIME PLC market segment, after the deployment of almost 4 Million ZIV units worldwide.

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First Published: Sep 28 2015 | 12:13 PM IST

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