CG Signs an MOU with the Government of Gujarat
January 15, 2013 - Mumbai, Maharashtra, India
-- Will develop & deploy cost efficient and cutting edge technological products & solutions for Domestic & Global Markets
CG, one of the world’s largest power transformer manufacturers has inked a Memorandum of Understanding (MoU) with the Government of Gujarat to set up a state-of- the- art Power Transformer manufacturing unit at Gujarat. The plant will manufacture Power Transformers and Reactors upto 1200kV for both Domestic and International Markets.
The MoU was signed between Chief Executive Officer & Managing Director, CG,Mr. Laurent Demortier and Mr GI Desai, Jt. Industries Commissioner, Govt. of Gujarat. This will be CG’s second manufacturing facility in Gujarat the first one being its modern lighting factory, operational since August 16, 1994.
Our 550 kV, 765 kV and 1200 kV technology products will enable high level of efficiency in transmission and help bridge the vast demand-supply gap in the country’s power sector. Our venture in Gujarat further strengthens our leadership position in the T&D segment to develop & deploy cost efficient products & solutions for our clients in India, SEA, Middle East, Africa, Europe, North and South America regions.
Mr Jayant Kulkarni Executive Vice President & President, Power Business said “As a global enterprise, CG actively supports initiatives that encourage global power generation, transmission & distribution in the electric grid systems. Furthermore we distinguish Gujarat for its conducive, stable & sustainable business enabling climate for robust industrial growth”.
Mr. Laurent Demortier, Chief Executive Officer & Managing Director, CG, said, “ I laud Mr. Narendra Modi’s commendable leadership and vision in bringing global & local inclusiveness in the country’s economic progress. We thank the Government of Gujarat for reposing trust in our capabilities. Our state-of-the-art Power equipment ensures highly reliable transmission systems which will help meet the ever-rising demand for power and enable further economic growth in the country”.
CG 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. The company is organized into four business groups: Power, Automation, Industrial, and Consumer. CG clocks US$2.3 billion in revenues from product lines that cover the entire value chain of engineering offerings.
For more information on CG, please visit: www.cgglobal.com
The US$ 4 bn Avantha Group is one of India's leading business conglomerates. Its successful entities include BILT, Crompton Greaves, The Global Green Company, Avantha Power & Infrastructure, Solaris ChemTech Industries, Biltech Building Elements, Salient Business Solutions and Avantha Technologies. With an impressive global footprint, Avantha operates in more than twenty countries, employing over 22,000 people worldwide. The Group has business interests in diverse areas including power transmission and distribution equipment and services, paper and pulp, energy and infrastructure, food processing, farm forestry, insurance,chemicals, IT and ITES. Led by Gautam Thapar, Avantha demonstrates strong leadership globally and emerges as a focused corporate, leveraging its knowledge, leadership and operations, adding lasting value for its stakeholders and investors.
For more information on Avantha, please visit www.avanthagroup.com.
Source: Business Wire India