Avantha Group Company Crompton Greaves (CG) has bagged order from Administracion Nacional de Energia (ANDE), the national electric utility of Paraguay to supply 10 complete ZIV substation automation systems. The scope of the contract also includes engineering services, training and systems integration.

The project, financed by the World Bank, is scheduled to be completed in six months. In January, the World Bank announced a new cooperation strategy with Paraguay for the period 2015-2018, with an indicative amount between USD 1000-1100 million approved in December and which is twice the amount of USD 400 million received from the World Bank in the past. 

Laurent Demortier, chief executive officer & managing director, Avantha Group Company CG said, "We at CG are honoured to receive this new important contract. We would like to thank ANDE for their continued patronage of our products and look forward to many more such collaborations to come. This order reinforces CG's strategic intent to diversify its customer base in Latin America, and we remain focused on building the energy infrastructure of the region with our extensive range of technologically driven products, systems and solutions."

Shares of the company gained Rs 1.2, or 0.73%, to trade at Rs 165.10. The total volume of shares traded was 1,575,605 at the BSE (12.27 p.m., Tuesday).