Crompton Greaves says no binding deal with Videocon on Kenstar acquisition

Crompton Greaves, one of India’s biggest electrical durables makers, said it has not executed any binding transaction documents with Videocon Industries on the acquisition of the Kenstar brand in India. Responding to a report in the Economic Times that said a binding offer at Rs 1,400 cr has been submitted, Crompton Greaves said: “The results […]

Crompton Greaves bags three-year contract from French power ulitity

Crompton Greaves Ltd, part of Avantha Group, has won a 3-year contract from the French distribution network operator Électricité Réseau Distribution France (ERDF) to provide maintenance and repair services to 4,500 high power transformers. These transformers of ERDF, which manages 95% of the electricity distribution network in France, are credited with supplying energy to 35 […]