Crompton Greaves bags $26 mn contract from Indonesia

Crompton Greaves, an Avantha group company, has bagged USD 26 million contract from Indonesia for supplying power equipment.

Crompton Greaves , an Avantha group company, has bagged USD 26 million contract from Indonesia for supplying power equipment.

"CG has sealed a deal with PT PLN (Perusahaan Listrik Negara) Indonesia, for the manufacture and supply of 37 units of power transformers," CG said in a statement.

Valued at USD 26 million (about Rs 156 crore), the power transformers will be installed across PT PLN's transmission network, in 36 different substations in Sumatra, Java, Bali, Kalimantan and the Sulawesi islands of Indonesia, the statement said.

This project is being funded by IBRD - World Bank, in collaboration with the Government of Indonesia, for the purpose of strengthening Indonesia's power networks.

The scope of the project includes designing, manufacturing, factory testing, site installation and pre- commissioning of the transformers over a period of 18 months.

PT PLN is the sole government-owned corporation in electricity generation, transmission and distribution in Indonesia and is one of the largest state-owned enterprises.

It has an installation base of 48 GW (48,000 MW) and plans to ramp up the electrification of Indonesia from the current 67 percent to 100 percent in the next decade, the statement added.

Crompton Greave stock price

On January 21, 2015, at 11:14 hrs Crompton Greaves was quoting at Rs 193.20, up Rs 0.25, or 0.13 percent. The 52-week high of the share was Rs 231.00 and the 52-week low was Rs 101.65.

The company's trailing 12-month (TTM) EPS was at Rs 8.20 per share as per the quarter ended September 2014. The stock's price-to-earnings (P/E) ratio was 23.56. The latest book value of the company is Rs 53.55 per share. At current value, the price-to-book value of the company is 3.61.

Anda sedang membaca artikel tentang

Crompton Greaves bags $26 mn contract from Indonesia

Dengan url

https://olahragakecantikan.blogspot.com/2015/01/crompton-greaves-bags-26-mn-contract.html

Anda boleh menyebar luaskannya atau mengcopy paste-nya

Crompton Greaves bags $26 mn contract from Indonesia

namun jangan lupa untuk meletakkan link

Crompton Greaves bags $26 mn contract from Indonesia

sebagai sumbernya