Crompton Greaves (CG), an engineering firm, has bagged a 3-year contract from the French distribution network operator Electricite Reseau Distribution France (ERDF), to provide maintenance and repair services to 4,500 high power transformers. These transformers of ERDF, a subsidiary of EDF, are credited with supplying energy to 35 million households in France.

Electricite Reseau Distribution France (ERDF), manages 95% of the electricity distribution network in France. 
 
As part of this contract, CG will provide preventive and corrective maintenance of the ERDF on- load tap changers (OLTC) through speedy turnaround services. In larger power transformers, for proper voltage regulation, on-load tap changers are required.

Tap changers continuously adjust the transformer load to the power demand and ensure uninterrupted and secure electric supply, making them a crucial piece of equipment. An OLTC allows changes in voltage ratio without de-energising the transformer.
 
Commenting on winning the contract, Avantha Group Company CG's CEO and Managing Director Laurent Demortier, said: "We thank the French utility for this opportunity to continue our association with them. This contract helps us to further strengthen our relationship with ERDF and our market presence in France."

Shares of the company declined Rs 6.95, or 4.28%, to settle at Rs 155.25. The total volume of shares traded was 304,901 at the BSE (Monday).