 "Crompton Greaves rises on new Smart Grid facility in Grenoble")
Shares of Crompton Greaves were up over 3% at Rs 187 after the company said it has presented its new Smart Grid solution centre in Grenoble, a high tech site specialised in smart solutions of HV, MV and LV electricity networks.
Having been selected as one of the six companies to manufacture the ERDF Linky meters to be deployed in France, the facility in Grenoble is in line with providing local support to ERDF that announced in 2014 a massive deployment of 35 million smart meters by 2021, the company said in a release.
The stock opened at Rs 182 and touched a high of Rs 187. At 1:20pm, over 1.6 million shares were traded on both the stock exchanges.
