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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