Azure Power Commences Construction of 100 MW NTPC Project in Andhra Pradesh
Business Wire India
December 2nd, 2016
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Azure Power Commences Construction of 100 MW NTPC Project in Andhra Pradesh New Delhi, Delhi, India - Business Wire India Azure Power (NYSE: AZRE), a leading independent solar power producer in India, has announced that it has started the construction of its 100-megawatt (MW) solar power plant in Andhra Pradesh. The Company has secured land and financing for this project. The project was auctioned by NTPC, Government of India’s largest power utility, designated under National Solar Mission for a total capacity of 1000 MW of solar power projects at Kurnool Ultra Mega Solar Park. The solar park is being developed by Solar Park Implementation Agency (SPIA), Andhra Pradesh Solar Power Corporation Limited (APSPCL). The tariff on the project will be INR 5.12/ kWh (US $0.077) and the company will supply power to NTPC for a duration of 25 years.

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Azure Power Global Limited Announces Pricing of its Initial Public Offering
Business Wire India
October 13th, 2016
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Azure Power Global Limited Announces Pricing of its Initial Public Offering New Delhi, Delhi, India - Business Wire India Azure Power Global Limited (“Azure Power”) today announced the pricing of its initial public offering of 3,409,091 equity shares, including 2,242,424 equity shares to be sold by Azure Power and 1,166,667 shares to be sold by certain selling shareholders, at a price to the public of $18.00 per equity share. Azure Power has granted the underwriters a 30-day option to purchase up to an additional 511,364 equity shares at the initial public offering price, less underwriting discounts and commissions. The equity shares are expected to begin trading on the New York Stock Exchange on October 12, 2016 under the symbol “AZRE.” Azure Power will also receive gross proceeds of $75 million from the sale of equity shares in connection with a concurrent private placement transaction

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CG Announces the Sale of Canadian Power Transformer (CPT) Business to PTI Holdings Corporation
Business Wire India
October 28th, 2015
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CG Announces the Sale of Canadian Power Transformer (CPT) Business to PTI Holdings Corporation Mumbai, Maharashtra, India - Business Wire India Avantha Group Company CG announces the sale of its Canadian Power Transformer (CPT) business to PTI Holdings Corporation for an enterprise value of Canadian $20 million subject to post-closing adjustments. The structure of the deal and its commercial terms remain subject to applicable regulatory approvals. The transfer of the business will be effective on October 27th.

PTI Holdings Corporation is an innovative leader in the electrical industry, producing some of the most groundbreaking, cost-effective and high quality solutions for transformers globally. The Company currently manufactures and services liquid filled distribution, small and medium size power transformers up to a base rating of 40MVA at 145kV. PTI was recognised as one of Canada’s Best Managed Companies

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Delta to Demonstrate its Leadership in Display Solutions with the Industry’s Slimmest DLP® Video Wall at InfoComm MEA 2015
Business Wire India
October 19th, 2015
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Delta to Demonstrate its Leadership in Display Solutions with the Industry's Slimmest DLP® Video Wall at InfoComm MEA 2015 Dubai, United Arab Emirates - Business Wire India Delta Electronics, Inc., a global leader in power and thermal management solutions and pioneer in display solutions, announced today it will unveil, at InfoComm Middle East & Africa (MEA) show, its slimmest Digital Light Processing (DLP®) video wall featuring a depth of 450mm. Visitors will experience a live demonstration of its IP-based control system, DVCS®,  which turns our innovative video walls into comprehensive display and monitoring solutions for applications demanding 24/7 operations.
 
With the showcase of the industry’s slimmest DLP® video wall, Delta will demonstrate its technology dominance in displays during the 4-day event. Delta’s DLP® Video wall will be

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CG Presents New Smart Grid Facility in Grenoble
Business Wire India
October 15th, 2015
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CG Presents New Smart Grid Facility in Grenoble Paris, France - Business Wire India

  • A high tech site specialised in HV, MV and LV smart grid solutions
  • Production at the facility will begin in January 2016
  • Grenoble is a  leading metropolis in Smart Grid innovation
 Avantha Group Company CG today presented its new Smart Grid solution centre in Grenoble, a high tech site specialised in smart solutions of HV, MV and LV electricity networks. Last November CG had announced the selection of Grenoble for establishing the centre for ZIV smart grid solutions in France.  The production at the facility will begin in January 2016, according to the timetable indicated by ERDF. CG will also contribute to the creation of sustainable local employment, as this centre will make available, around 200 direct and indirect jobs in the area, once full production capacity is reached. Having been selected

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CG Announces the Sale of CG-Lucy Joint Venture for Rs.402 Million to British Company W Lucy & Co. Limited
Business Wire India
October 9th, 2015
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CG Announces the Sale of CG-Lucy Joint Venture for Rs.402 Million to British Company W Lucy & Co. Limited Mumbai, Maharashtra, India - Business Wire India Avantha Group Company CG announces the divestment of its entire 50% shareholding in CG Lucy Switchgear Limited to W Lucy & Co Limited, UK.

CG will divest its entire investment of 600,000 equity shares of Rs.10/- each made in 1994 (aggregating to Rs.6 Million) in the share Capital of CG Lucy Switchgear Limited (CG-Lucy) to W Lucy & Co Limited, UK for a consideration of Euro 5.5 million (Equivalent to Rs.402.60 million) and the execution of consequent definitive agreements. 

CG Lucy Switchgear Ltd. is a 50-50 manufacturing joint venture between the Company and W Lucy and Co. Limited, UK. Established in 1994, its

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Delta Introduced PMH Panel Mount Power Supply Series for Household Applications
Business Wire India
October 7th, 2015
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Delta Introduced PMH Panel Mount Power Supply Series for Household Applications New Delhi, Delhi, India - Business Wire India Delta Electronics, Inc., a global leader in thermal and power management solutions extended its PMH panel mount power supply series with a higher maximum output power at 24V 200W. The product comes with several connector options consisting of Terminal Block, IP20, Front Face and Harness connectors.

The PMH-24V200WCBA provides universal input from 85Vac to 264Vac and high efficiency of > 91.5% @ 230Vac in a full corrosion resistant aluminium body. The highly efficient convection cooling construction can operate between -30°C to 70°C. The PMH series is specifically designed for household electrical appliances with safety approvals including IEC/EN 60335-1 and IEC/EN 61558-2-16 as well as IEC/EN/UL 60950-1. In addition, the product meets the EMC approvals to EN 55014-1 / EN 55014-2 for household appliances and

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CG Wins Euro 24 Million Smart Meters Order From Spanish Utility Iberdrola
Business Wire India
September 29th, 2015
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CG Wins Euro 24 Million Smart Meters Order From Spanish Utility Iberdrola Mumbai, Maharashtra, India

  • PRIME standard based smart grid deployment
  • Spanish utilities are expected to replace 100% of analogue meters by 2018
  • Reinforces CG’s market leadership in the supply of smart grid solutions
Avantha Group Company CG has won a Euro 24 million (approx INR 178 crore) contract to supply ZIV single and three phase smart meters to Spanish utility Iberdrola. This win reinforces CG’s undisputed leadership in the Iberian market and consolidates its position as a strategic partner for utilities in smart grid deployment. This order follows a significant order of Euro 17 Million from Gas Natural Fenosa (GNF) for the supply of PLC communicated smart meters, won recently.  ZIV’s single phase smart meter model is nowadays the reference smart meter in the PRIME PLC market

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CG Wins Euro 17 Million Order from Spanish Utility GNF
Business Wire India
September 28th, 2015
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CG Wins Euro 17 Million Order from Spanish Utility GNF Mumbai, Maharashtra, India

  • CG selected as main supplier of single and three phase smart meters
  • All Spanish utilities to replace 70% of their analog meters by the end of 2016
  • PRIME standard based smart grid deployment
Avantha Group Company CG has won a Euro 17 million (INR 125 crore) contract to supply ZIV single and three phase smart meters to Gas Natural Fenosa (GNF) and will be the main supplier for the utility.  ZIV smart meters will cover a large part of the demand for domestic meters from GNF, having won the prestigious order of supplying 750,000 single phase smart meters last year.  In order to respond to the growing market demand with agility, CG has already conducted an expansion and modernisation of its plant in Zamudio, Spain,

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CG to Energise 35 Million Households in France
Business Wire India
September 8th, 2015
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CG to Energise 35 Million Households in France Mumbai, Maharashtra, India

  • To maintain and repair on-load tap changers on 4,500 high power transformers
  • Maintain energy supply to 35 million households
  • Significant headway for CG into the French tap changer maintenance market
Avantha Group Company CG has bagged a 3-year contract from the French distribution network operator Électricité Réseau Distribution France (ERDF), which manages 95% of the electricity distribution network in France, to provide maintenance and repair services to 4,500 high power transformers. These transformers of ERDF, a subsidiary of EDF, are credited with supplying energy to 35 million households in France.

As part of this contract, CG will provide preventive and corrective maintenance of the ERDF on- load tap changers (OLTC) through speedy turnaround services. In larger power transformers, for proper voltage regulation, on-load tap changers are required. Tap changers continuously

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