MUMBAI, Jan 15: Crompton Greaves company has signed a Memorandum of Understanding (MoU) with the Government of Gujarat to
set up a state-of-the-art power transformer manufacturing unit.
Crompton Greaves is a global pioneering leader in the management
and application of electrical energy.
The MoU was signed between Chief Executive Officer & MD Mr. Laurent Demortier and Mr.GI Desai, Jt. Industries Commissioner, Government of Gujarat.
This will be CG’s second manufacturing facility in Gujarat the first one being its modern lighting factory, operational since 16 August 1994.
The plant will manufacture power transformers and reactors upto
1200 kilovolt (kV) for both domestic and international markets.
The company has equity capital of Rs 128.30 crore.
Jayant Kulkarni Executive Vice President & President, Power Business said in a statement that as a global enterprise, Crompton
Greaves actively supports initiatives that encourage global power generation, transmission & distribution in the electric grid systems. Furthermore we distinguish Gujarat for its conducive, stable & sustainable business enabling climate for robust industrial growth.
(UNI)
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