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IN THE NEWS
Avantha Group – Restructuring Initiatives:
Delhi-headquartered Avantha Holdings Limited (“AHL”) today announced a transaction involving the movement of 10.80% of equity shares of CG Power and Industrial Solutions Limited (“CG Power”) from AHL to Vistra ITCL (India) Limited (“Vistra”), pursuant to an invocation of a pledge by Vistra.Vistra serves as Debenture Trustee for the benefit of Debenture Holders (including KKR India Financial Services Private Limited) of AHL and its subsidiary Salient Financial Solutions Limited. - Mar 10, 2019
CG alongwith its consortium partners installs its largest ever Offshore Transmission Substation in Germany:
Avantha Group Company, CG Power and Industrial Solutions Limited (CG) through its wholly-owned subsidiary at Belgium - Jul 06, 2018
CG bags a large order of INR 3190 million from Indian Railways:
CG has bagged a large order from the Indian Railways valued at INR 3190 million to supply Under Slung Electrics for Diesel Electric Tower Car (DETC). Large quantities of DETCs are required for massive track electrification drive taken up by Indian Railways across the country. - Jun 05, 2018
CG Power bags IDR 744 billion (USD 55 million) order from Indonesian state utility PT PLN Indonesia (Persero) for Power Transformers:
India, Mumbai, 12th February, 2018, Avantha Group Company, CG Power Systems Indonesia, a wholly owned subsidiary of CG Power & Industrial Solutions Limited - Feb 12, 2018
CG bags largest order of INR 107 crore from EESL:
Mumbai, February 7, 2018: Avantha Group Company, CG Power and Industrial Solutions Limited (‘CG’) has bagged an order of INR 107 crore from Energy Efficiency Services Limited (‘EESL’), Power Ministry, Government of India, New Delhi for Low Voltage Motors. - Feb 07, 2018
CG bags order of INR 111 crore from Indian Railways:
Avantha Group Company CG has bagged an order of INR 111 crore from Indian Railways for Drive Propulsion System of Electric Loco at Chittaranjan Locomotive Works - Nov 23, 2017
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