Press Release - CG's Bangalore plant to help link India's Smart Grid
- Plant to make intelligent electronic devices, critical in the control of power systems
- CG helping develop India’s first Smart Grid project in Puduchery
Mumbai, November 27, 2012 CG, part of the US$ 4 bn Avantha Group, is setting up a greenfield plant in Jigani Industrial Area, Bangalore, which will be operational by this year-end and help bolster India’s Smart Grid initiative. The plant will be making intelligent electronic devices (IEDs) which are critical in the control and monitoring of power systems. The plant will also assemble control and relay panels using these IEDs, complying with the latest Substation Automation standard – IEC 61850.
As India`s power network becomes complex and the demand for energy increases, the country needs to accelerate the deployment of Smart Grid technolgies. Offering unprecedented control and efficiency in power supply, a Smart Grid could go a long way in protecting consumers from the kind of outage Northern India experienced recently. India needs to improve its power generation and transmission, which can be enabled by investing in these innovative grid control technologies. As of now. pilot projects for Smart Grid technologies are being carried out in several cities, including Bangalore.
This plant will be the base for manufacturing in India the entire range of Protection, Control and Communication products from CG’s Automation Business Unit. With the acquisition of ZIV complete, CG gets access to ZIV’s Smart Grid technologies, including expertise in grid automation. ZIV complements CG`s offering for grid automation, enhancing its differentiated offering in its core business.
Mr Laurent Demortier, Chief Executive Officer & Managing Director, CG, said, “The ZIV acquisition positions and accelerates CG as a strong player in the promising Smart Grid segment. CG is commited to contribute to the development of India’s first Smart Grid project in Puduchery in association with Power Grid Corporation of India Ltd (PGCIL). The project’s advance metering infrastructure will ensure that consumers get the advantages of efficient power supply.”
Covering 4050 sq mtrs, the plant will employ 30 people in its first year of operations. With demand in the Indian market picking up substantially, the plant will first cater to the Indian market. It will gear up to meet demand in nearby geographies and further extend its market reach in the years to come.
CG, part of the US$4 bn Avantha Group, is a global pioneering leader in the management and application of electrical energy. With around 9,500 employees across its operations in 13 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. Nearly, two-thirds of CG`s US$2.4 billion sales accrue from product lines.
For more information on CG, please visit: www.cgglobal.com
The US$ 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.
For further information, please contact :
Ms. Paula Sengupta
Global Head - Corp. Comms.
CG (Crompton Greaves Limited)
CG House, 1st floor
Worli, Mumbai 400 030, India
Mrs. Shravani Dang
Group Head - Corporate Communications
Vice President - Avantha Group
5th Floor, Tower C, First India Place,
Gurgaon-122002, Haryana, India
|T : +91 22 24237842 / 67558771
|T : +91 124 4099436