Crompton Greaves

Crompton Greaves Q4 net profit up at Rs 307 cr

Crompton Greaves Q4 net profit up at Rs 307 cr

It has reported net profit of Rs 307 cr as against Rs 194 crore; Crompton Greaves has announced its fourth quarter results of FY10. At current value, the price to book value of the company was 13.02, the dividend yield of the company was 0.8% and the company’s trailing 12 month, EPS was at RS 8.06 per share till the December quarter results of 2009.

Crompton Greaves Buys UK company, PTS for Rs. 204 crore

Crompton Greaves Buys UK company, PTS for Rs. 204 crore

Avantha Group's Crompton Greaves Ltd. has bought the UK-based electrical engineering company, Power Technology Solutions for about £30 million or Rs. 204 crore.

S M Trehan, Managing Director, Crompton Greaves, said that with this acquisition, CG would get considerable consolidation in the engineering, procurement & maintenance (EPM) division in the UK and get entrance to newer markets. He said that the acquisition is a step ahead towards attaining profits of $8 billion by 2015.

Crompton Greaves acquires US-based MSE Power for $ 16 million

Power equipment firm Crompton Greaves Ltd has informed that it has acquired US-based MSE Power Systems, and two of its group firms for an enterprise value of $16 million (about Rs 72 crore).

MSE Group engages in Engineering, Procurement and Construction (EPC) of High Voltage Electric Power Systems. Its capabilities include conceptual engineering, system studies and also complete EPC engineering, spanning Relay/Control, SCADA and Substation Automation.

Crompton Greaves Collaborates With Dutch, Italian Firms

In order to enhance its occurrence in lighting space, Electrical equipment manufacturer Crompton Greaves announced that it has partnered with Netherlands-based Lemnis Lighting and Italian firm Fael Luce Lighting.

Crompton Greaves operates three divisions including power systems, industrial systems and consumer products.

Through its grouping with Lemnis Crompton, Crompton would enter the 'LED lights' sector, whereas its affiliation with Fael Luce would assist it tap the outdoor plus stadia lighting space.