Essar has announced that it has completed the sale of Equinox Business Parks, its commercial property in Mumbai’s Bandra-Kurla Complex, to Brookfield Asset Management, a leading global asset manager, for an enterprise value of Rs 2,400 crore.
Economic development and need for reliable power supply due to population growth have accelerated the demand for power in India. Further, growth in industrialisation and infrastructure development have resulted into demand for power and distribution transformers across the country.
Rising urbanisation, increasing infrastructure development activities, growing industrialisation activities and large-scale investments in the power sector are the major factors that would drive the growth of package substation market in India.
While addressing a private gathering recently, Union Minister of Power Piyush Goyal referred to the common disdain and complaint heard in corners of corporate boardrooms about the slow pickup of the economy: ¨Boss, there is no action on the ground!¨
Contract value: Rs.119 crore Particulars: Supply of power equipment Crompton Greaves Ltd has bagged a contract from NTPC Ltd for the design, manufacturing and supply of generator step-up transformers for its 800 MW super-critical thermal power plant at Darlipali in Odisha.The completion is targeted in 32 months.
The Wine Capital of India, Nashik has a distinct character owing to its mythological, historical, social and cultural importance. The city has now developed into a metropolis as well as a flourishing industrial and educational centre
MSEDCL has taken over Jalgaon power distribution from the franchisee Crompton Greaves. An enquiry is going on against city power franchisee SNDL and the report will be submitted to energy minister Chandrashekhar Bawankule in the coming few days.
Electrical equipment maker Crompton Greaves (CG) has entered into a pact with New Zealand-based Transpower NZ to supply transformers. The contract has a potential to supply equipment worth $15 mn per annum.