Avantha Group subsidiary Crompton Greaves (CG) has invested INR80 million ($1.3 million) in a new smart-grid facility in Bangalore whose main purpose will be to manufacture a range of smart-grid devices for use by Indian utilities.
The facility, which employs more than 100 people, will also offer engineering services – such as systems integration, installation and commissioning – to companies across the world.
CG (New Delhi, India) said it hoped the facility would foster economic development, partly by fostering job creation, and boost an understanding of smart-grid technology.
In a statement, the company said the devices manufactured in the new Bangalore facility would include substation automation products, distribution automation devices, protection and control systems, advanced metering infrastructure and telecoms solutions – helping Indian utilities to become more efficient and reliable.
The facility has an annual production capacity of 10,000 units of power line carrier communication terminals and intelligent electronic devices, according to CG.
“The opening of CG’s smart-grid manufacturing facility in Bangalore is a result of intense planning with the Indian stakeholders,” said Laurent Demortier, CG’s chief executive. “Expansion in smart-grid markets is a key strategy of CG. After America and Europe, the Bangalore facility will spearhead smart-grid operations in Asia.”
CG currently says it has installed more than two million smart-meter solutions worldwide and that its devices are running successfully in the world’s first major smart-grid deployment by Iberdrola in Bilbao, Spain.
The company also claims to have participated in a total of ten advanced metering infrastructure pilot projects in Europe, Asia and America.
In India, meanwhile, it is involved with a smart-grid project in Puducherry, where it is supplying a street light automation solution to Puducherry’s electricity department.
CG is also aiming to participate in smart-grid-related projects planned by the Power Grid Corporation of India (Gurgaon), which has proposed to invest $2.76 billion in transmission network expansion and improvement in the current financial year.
CG says it generates annual revenues of about $2.3 billion from product lines covering “the entire value chain of engineering offerings”.