CG Announces 66pct Orders Increase in 2011 (India)

Crompton Greaves Announces Increase in Orders in 2011 (India)

Crompton Greaves (CG), announced 66% increase in Orders for the quarter ended December 31st, 2011 at Rs 3401crores as compared to Rs 2052crore in the same period of last fiscal. . Growth has been particularly strong in India and Europe where CG innovative solutions in Extra High Voltage , Renewables and Large Industrial Motors have been successfully launched.

Its Net Sales for the quarter ended December 31st, 2011 at Rs 3028 crores which is a 26% growth as compared to Rs 2397 crore in the same period of last fiscal with overall growth seen at 26%.

The EBIDTA during the quarter stood at Rs. 183 crore as against Rs 340 crore in Q3 FY11. Net Profit for the quarter stood at Rs 77 crore as against Rs 233crore in Q3FY11.

Total order book at the end of December 2011 was recorded at Rs 8183 crore.

During the quarter the revenues from Power business rose by 17.5 % to Rs 2069 crore. The Industrial business grew by 2% to Rs 475 crore whereas the consumer business posted a rise of 5% at Rs. 503 crore as compared to the Q2 FY12.

For the nine-months ended December 31st, 2011, Net Sales was at Rs 8171 crore posting a rise of 15% as compared to Rs 7097 crore in December 31st, 2010. During the same period, Net Profit stood at Rs. 273 crore as against Rs 637 crore in nine-month period of last fiscal.

Commenting on the results, Mr. Laurent Demortier, CEO & Managing Director, CG said: “In the midst of global uncertainties and tough macroeconomic environment both domestically and abroad, the quarter gone by has been very encouraging for CG. Across our three businesses, our growth is fueled by the introduction of new energy efficient product and services. Our efforts to gain foot hold in global markets are on track.

Offshore Wind Staff, February 8, 2012; Image : CG

 

 

Share this article

Follow Offshore Wind

Events>

<< Sep 2015 >>
MTWTFSS
31 1 2 3 4 5 6
7 8 9 10 11 12 13
14 15 16 17 18 19 20
21 22 23 24 25 26 27
28 29 30 1 2 3 4

Science Meets Industry Bergen

NORCOWE’s annual offshore wind conference Science Meets Industry Bergen will in 2015 be organized in collaboration with Bergen Næringsråd…

read more >

2nd AAU and ECN EWTEC affiliated PhD course on: ‘Numerical and experimental modelling and control of Wave Energy Converters’

The main objective of this course is to train each participant to the numerical and experimental modelling and control of Wave Energy Converters…

read more >

McClay Library- Wave Power Talk

Dr Bjoern Elsäßer, a Senior Lecturer in Coastal Science and Engineering at the School of Planning Architecture and Civil Engineering…

read more >

EWTEC 2015

In the field of Marine Renewable Energies, Research and industrial development are linked by the necessity to innovate to speed up access to…

read more >

Jobs>

Superintendent Cable Lay and Cable Burial Offshore Wind Projects

The Superintendent Cable Lay and Cable Burial Offshore Wind Projects is responsible for and monitor our Cable Lay and Burial on board of our Cable Lay and Burial installation vessel the NEXUS...

apply

Germany-based Associate Consultant

APEM Limited are looking for a Germany-based Associate Consultant to drive forwards the diversification, expansion and development of APEM’s project portfolio in the German market...

apply

Lead Engineer

As the yard is specialized in the production of large Tugs and Fast Crew Suppliers the engineering team is mainly involved in the detail engineering and production support of these vessels. You are coordinating a project team and responsible for ...

apply

Vessels>