The company has won a significant order of USD 35 million (INR 236 crore approx.) from PT PLN (Persero), the state-owned electricity company of Indonesia, to manufacture and install 28 power transformers ranging from 83.3 MVA to 167 MVA and rated voltage 500 kV/150 kV.
Crompton Greaves recovered smartly from its lows and the stock is up 2% at Rs. 47. The company has won a significant order of USD 35 million (INR 236 crore approx.) from PT PLN (Persero), the state-owned electricity company of Indonesia, to manufacture and install 28 power transformers ranging from 83.3 MVA to 167 MVA and rated voltage 500 kV/150 kV.
CG’s power transformers will be installed across PT PLN’s transmission network, spread over multiple substations and power plants in the Java, Sumatra and Kalimantan provinces of Indonesia. The delivery period is scheduled between May 2016 and March 2017.
The scrip opened at Rs. 48.8 and has touched a high and low of Rs. 48.8 and Rs. 47.2 respectively. So far 5517164(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 2933.17 crore.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 69.45 on 05-Jan-2016 and a 52 week low of Rs. 38.79 on 12-Feb-2016. Last one week high and low of the scrip stood at Rs. 54.54 and Rs. 40.5 respectively.
The promoters holding in the company stood at 34.38 % while Institutions and Non-Institutions held 49.1 % and 16.38 % respectively.
The stock is currently trading above its 200 DMA.
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