Avantha Group Company Crompton Greaves (CG) announced that the company has bagged new order worth USD 25 million for the design, construction and delivery of 16 mobile substations. The order was placed by the general directorate for transmission, upper Euphrates region, Ministry of Eletricity in Iraq.

The key deliverables are engineering and supply of 16 mobile substations containing 31.5 MVA transformers delivered by CG's power transformer factory in Hungary, auxiliary/ earthing units manufactured in the distribution transformer factory in Belgium and control and protection equipment provided by CG's automation arm ZIV. Integration and assembly work for the project will be concluded at the CG factory in Belgium.

Avantha Group company CG's CEO and managing director, Laurent Demortier, said, "We thank the Ministry of Electricity, Iraq for renewing their trust in us. CG has a long- established business foundation in Iraq for over 25 years. Combining our global technology, engineering expertise and strong local presence, we have positioned Iraq as a strategically important market, for a wide range of projects in electric power and other industries. We are pleased to continue supporting the country's growth and development."   

Shares of the company declined Rs 1.15, or 0.55%, to trade at Rs 206.30. The total volume of shares traded was 460,240 at the BSE (3.15 p.m., Wednesday).