Crompton Greaves surges on installing its transformer substation in Germany

Crompton Greaves is currently trading at Rs. 181.25, up by 4.30 points or 2.43% from its previous closing of Rs. 176.95 on the BSE. The scrip opened at Rs. 178.90 and has touched a high and low of Rs. 182.50 and Rs. 178.35 respectively. So far 150914 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 192.70 on 21-Apr-2014 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. 179.50 and Rs. 163.50 respectively. The current market cap of the company is Rs. 11352.11 crore. The promoters holding in the company stood at 42.67% while Institutions and Non-Institutions held 42.47% and 14.64% respectively. Crompton Greaves (CG) has successfully installed its transformer substation at the Amrumbank West offshore wind farm in Germany. The renewable energy unit consists of 80 multi-megawatt wind turbines located 100 km off the German coast in the North Sea. The Amrumbank West offshore wind farm (which was completed along with CG`s consortium partners Fabricom GDF Suez, Iemants and GeoSea) is scheduled to enter service in the autumn of 2015. The wind farm extends over 32 square kilometres, and its 80 technologically advanced 3.6 MW turbines will give it a total capacity of 288 MW, enough to power 300,000 households. Crompton Greaves is a global pioneering leader in the management and application of electrical energy. With more than 15,000 employees across its operations in around 85 countries, CG provides electrical products, systems and services for utilities, power generation, industries, and consumers.