Cromp­ton Greaves Signs $15-mil­lion Deal with Span­ish Co

The Economic Times - - Companies -

Avan­tha Group’s Cromp­ton Greaves has signed a .` 90-crore deal with Spain’s Iber­drola In­ge­nieria y Con­struc­cion for sup­ply­ing power equip­ment for a pro­ject in Kenya. The or­der, worth $15 mil­lion (about .` 90 crore), in­volves sup­ply of six power trans­form­ers, cir­cuit breakers, in­stru­ment trans­form­ers etc. The Nairobi Met­ro­pol­i­tan Ring pro­ject is sched­uled for com­ple­tion by 2014-end, Avan­tha Group said in a state­ment.

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