Avantha Group Company, Crompton Greaves (CG) has received an order to provide two 40 MVA power transformers and one 110 kV Gas Insulated Switchgear (GIS) of 7 bays, to Ukrainian electricity utility Odessa Oblenergo for its Marazlievskaya substation. The company supplies electricity to the city of Odessa in Ukraine and other surrounding areas. The order is valued at Euro2 million and installation and commissioning of the equipment is expected to be completed by end-2014.

CG will undertake the supervision of erection and commissioning of the transformers and switchgear.
 
CG was selected as the ideal partner for this project on account of its technical acumen to fully understand and comply with Odessa Oblenergo's specific requirements for the substation, well ahead in the process.

The equipment supplied will optimise efficiency, reliability and safety at the substation. This win will help CG gain a foothold in the rapidly growing Eastern European market.
 
Speaking on the order win, Avantha Group Company CG's CEO and managing director, Laurent Demortier, said, ''The latest order is yet another move by CG to expand its footprint in the growing market of Eastern Europe. We look forward to strengthening our relationship with Odessa Oblenergo and establishing ourselves as a partner of choice to supply high-quality, durable power equipment.''

Shares of the company gained Rs 7.05, or 4.85%, to trade at Rs 152.40. The total volume of shares traded was 1,309,850 at the BSE (3.22 p.m., Monday).