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1.Essar completes sale of Equinox Business Parks to Brookfield for Rs 2,400 crore

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.

2.India Power and Distribution Transformer Market to reach $2.9 billion by 2022 – 6Wresearch

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.

3.Growing Infrastructure Investment and Power Sector to boost India Package Substation Market

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.

4.Boss, no action on the ground!

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!¨

5.Bagged it!

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.

6.Crompton Greaves in talks with First Reserve

Crompton Greaves is in advanced talks with global PE firm, First Reserve to sell its overseas power assets.

7.Nashik has tremendous potential in service, IT-based and tourism industries

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

8.MSEDCL expels Jalgaon power franchisee

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.

9.Ace striker

Runwal Group, under the leadership of Director Subodh Runwal,has offered the highest bid of Rs 1,000 crore to Crompton Greaves for its 25 acre in Mumbai.

10.CG ties up with NZ firm to supply transformers

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.

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