Crompton Greaves bags NTPC’s order worth Rs.119 crore

Mumbai, Feb 17:

Avantha Group company Crompton Greaves (CG) Tuesday said it has bagged an order worth Rs.119 crore from the state-run electricity utility major NTPC.

According to a regulatory filing made to the Bombay Stock Exchange (BSE), the company said the order is for design, manufacturing and supply of generator step-up transformers for NTPC’s largest capacity 800MW super-critical thermal power plant at Darlipali in Odisha.

“With our technology driven solutions, India manufacturing base and robust supply chain management, CG is well placed to leverage the growing demand in India and support power utilities in meeting their capacity targets,” said Laurent Demortier, managing director and chief executive, CG.

The company said it won the contract in a stiff international competition and that the project is scheduled to be completed in thirty-two months.

The company added that the contract is in line with its strategy of making India a manufacturing hub while aligning itself with the growing demand from the emerging markets. IANS