CG Power & Industrial Solutions Ltd
CG Power & Industrial Solutions Ltd Company History
CG Power & Industrial Solutions is an engineering conglomerate with an impressive and diverse portfolio of products, solutions and services for Power and Industrial equipment and solutions, addressing myriad needs.
2002
Crompton Greaves Ltd has informed that Mr S D Crowther has relinquished his Directorship from the Board of Directors of the company wef February 01, 2002.
Crompton Greaves Ltd has informed BSE that the Company has divested its shareholding of 38% in CG Newage Electrical Ltd to Cummins India Ltd at a price of Rs 220.50 per share.
2002
2003
Appointment of Mr S Labroo as an Additional Director.
Solaris Chemtech Ltd has increased its holding in this company to 12.65 per cent after it acquired 9,50,000 shares from Greaves Ltd.
The company has got approval for capital restructuring-according to which Rs 1520 million be utilised for adjustment against the balances in the following accounts as at March 31, 2003 and accretions/variations thereto during the period April 1, 2003 to July 31, 2003
1. Miscellaneous Expenditure (to the extent not written off or adjusted)
2. Deferred Tax Asset and
3. Debit Balance in the Profit and Loss Account.
2003
2004
Delisting of shares from Madras Stock Exchange.
Crompton Greaves Ltd has informed that the BoD at its meeting held today (July 22, 2004), the Board approved the following changes in the company's BoD: Appointment of Gautam Thapar as Chairman.Resignation of Mr KK Nohria as a Director.Both the above changes are effective from the conclusion of the AGM scheduled to be held on July 22, 2004
Crompton Greaves - Hitachi CG Motor Engg becomes a subsidiary of the Company
2004
2005
Crompton Greaves Board declares Interim Dividend
Crompton Greaves keen on acquisitions in industrial systems
Crompton picking up stake in Belgian firm
2005
2006
Crompton Greaves picks up Hungarian firms
Crompton Greaves to acquire stake in MCPPL
Crompton Greaves to establish in MP
Crompton Greaves has given the Bonus in the Ratio of 2:5
2006
2007
Crompton Greaves forays into power distribution
CG to take over electricity supply in Nagpur, the second capital of Maharashtra, from January 2008.
2007
2008
Crompton Greaves takes over French firm
Crompton Greaves joins hand with Dutch company
Crompton Greaves to acquire MSE Power Systems and its group companies
CG Wins "Best Product" Award & Certificate of Appreciation at Elecrama 2008 - 22/01/08
Crompton Greaves Ltd has bagged the prestigious "GREENTECH GOLD AWARD 2007" in the Engineering Sector. This award is for Environmental Management systems for Green Products and Process Technologies developed at CG
2008
2009
Acquisition of Sonomatra in France
CGL becomes the 1st Indian Company to make 1200 kV Power Product (CVT). -- (21/01/09)
Crompton Greaves gets the Golden Peacock Innovative Product / Service Award-2008 -- (21/01/09)
2009
2010
Crompton Greaves Ltd has appointed Mr. Suresh Prabhu as an Additional Director of the Company with immediate effect.
Crompton Greaves Ltd has entered into a Joint Venture Agreement with ZIV Aplicaciones y Tecnologia, S.L (ZIV)., headquartered in Spain, for establishing a Joint Venture Company in India, for the manufacture of Substation Automation Systems for Substations in EHV and UHV range, including protective relays, differential relays, bay control units, bus-bar systems, substation units, etc
Crompton Greaves has given the Bonus in the Ratio of 3:4
2010
2011
Company has been awarded a contract as franchisee of Maharashtra State Electricity Distribution Company Ltd. for power distribution in Jalgaon Circle in Maharashtra for a period of 10 Years.
CG acquires New Jersey based QEI Inc.
Crompton Greaves Ltd acquires Sweden based Emotron Group.
Greaves sets up Light Engines Unit V at Aurangabad.
2011
2012
Crompton Greaves Acquires leader in smart Grid Automation : ZIV Group".
Crompton Greaves establishes new JIT manufacturing facility in Goa.
Greaves crosses three million mark in light diesel engines.
2012
2013
CG to acquire lighting division of Karma Industries
CG signs an MOU with the Government of Gujarat
Crompton Greaves to take over Karma Industries&CFL business.
2013
2014
CG announces new smart grid facility in France.
CG wins Frost & Sullivan Strategy, Innovation and Leadership Award
CG receives order for wind project in Netherlands
CG bags 4 mn euro order from CAMEG
2014
2015
CG inks MoU with French company Arelis for supply of electronics components to Aerospace and Defence
CG wins USD 26 million contract to reinforce Indonesia's grid
CG Wins INR 115 Crore order from PGCIL, India's largest transmission utility
CG wins Euro 17 million order from Spanish utility GNF
CG announces the sale of CG-Lucy Joint Venture for Rs.402 million to British Company W Lucy & Co. Limited
2015
2016
CG wins USD 35 million order from PT PLN (Persero) Indonesia
CG Receipt of binding offer for acquisition of the CompanyÂs B2B Automation business".
2016
2017
CG wins USD 105 million order from PT PLN Indonesia
2017
2018
CG Power unveils Indonesia's 1st High Voltage (HV) factory.
CG Power enters into strategic alliance agreement with TSG.
CG bags large order from Indian railways.
CG Power Systems bags Rs 335 cr order from Indonesian firm.
2018
2019
CG Power Indonesian arm bags order worth USD 24 mn from Persero.
2019
2021
This is the largest business of CG, which is now well and firmly established throughout the world.
2021
2022
CG Kolkata Branch team conducts a Retailers Meet for Pumps Around 100 Retailers from entire West Bengal attended this meet.
2022