Wednesday 9 October 2013

Crompton Greaves shines as arm synchronizes first 600MW unit in Chhattisgarh

Crompton Greaves is currently trading at Rs. 93.35, up by 0.75 points or 0.81% from its previous closing of Rs. 92.60 on the BSE.

The scrip opened at Rs. 92.00 and has touched a high and low of Rs. 94.20 and Rs. 91.65 respectively. So far 76,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 140.70 on 12-Oct-2012 and a 52 week low of Rs. 71.70 on 25-Jun-2013.

Last one week high and low of the scrip stood at Rs. 95.45 and Rs. 87.95 respectively. The current market cap of the company is Rs. 5,988.00 crore.

The promoters holding in the company stood at 41.69% while Institutions and Non-Institutions held 38.93% and 19.14% respectively.  Crompton Greaves promoted -- Avantha Power & Infrastructure -- has synchronized first 600MW unit in Chhattisgarh. Moreover, the company’s two thermal power projects in Raigarh (Chhattisgarh) and Seoni (Madhya Pradesh) are under various stages of implementation and one thermal power project in Gujarat is in planning stages.

Avantha Power & Infrastructure (APIL) is an established power generation company with 191 MW of operational thermal power capacity, 2,460 MW of generating capacity under various stages of implementation and 1,320 MW of generating capacity under planning.

Crompton Greaves is engaged in designing, manufacturing and marketing electrical products and services related to power generation, transmission and distribution.

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