CG Launches “KIBOSH” - A Low Maintenance, Safe, Energy Efficient Brake Motor
Avantha Group Company CG is announce the
release of its new brake motor called "Kibosh". The design is a
performance-matched motor brake package utilizing CG`s proven motor
technologies.
“Kibosh” is a power saver that comes with an enhanced liner life and ensures low heating of the brake thereby extending its life. It is ideally suited for various braking applications like crane movement, hoists, rolling mills, windmills, elevators and other applications requiring frequent starting and stopping. Its ruggedly constructed cast iron or aluminium body is built to provide long life and quiet, trouble-free, safe operation. The brake interface is a combination of an AC induction motor and a disc type “fail safe” electromagnetic brake unit, with an output ranging from 0.75 kW to 30 kW in frame sizes ND80 to ND200L.
CG
is the only manufacturer in India to provide a brake kit with
multi-mount arrangement in aluminium construction. Unlike conventional
brake motors, “Kibosh” offers a compact cost -effective package with
replaceable brake kit as an added feature so that every standard CG make
motor up to 132 frames can be instantly modified to a brake motor in
approximately 30 minutes. They are ready for immediate delivery through a
wide distributor network across India. CG’s Kibosh is set to tap the Rs
56 crore Indian market for brake motors while meeting the varying
challenges of the heavy machinery industry.
Avantha Group Company CG’s Executive Vice President & President Industrial Business Unit, Mr. Anil Raina said, “Kibosh is the latest brake motor solution from CG. It is a low inertia, high efficiency, high life cycle brake motor that offers customers design flexibility, ease of maintenance and reliability of “fail- safe” performance. The product expands our offering in energy saving, industrial electric motors”
“Kibosh” is a power saver that comes with an enhanced liner life and ensures low heating of the brake thereby extending its life. It is ideally suited for various braking applications like crane movement, hoists, rolling mills, windmills, elevators and other applications requiring frequent starting and stopping. Its ruggedly constructed cast iron or aluminium body is built to provide long life and quiet, trouble-free, safe operation. The brake interface is a combination of an AC induction motor and a disc type “fail safe” electromagnetic brake unit, with an output ranging from 0.75 kW to 30 kW in frame sizes ND80 to ND200L.
CG
is the only manufacturer in India to provide a brake kit with
multi-mount arrangement in aluminium construction. Unlike conventional
brake motors, “Kibosh” offers a compact cost -effective package with
replaceable brake kit as an added feature so that every standard CG make
motor up to 132 frames can be instantly modified to a brake motor in
approximately 30 minutes. They are ready for immediate delivery through a
wide distributor network across India. CG’s Kibosh is set to tap the Rs
56 crore Indian market for brake motors while meeting the varying
challenges of the heavy machinery industry.Avantha Group Company CG’s Executive Vice President & President Industrial Business Unit, Mr. Anil Raina said, “Kibosh is the latest brake motor solution from CG. It is a low inertia, high efficiency, high life cycle brake motor that offers customers design flexibility, ease of maintenance and reliability of “fail- safe” performance. The product expands our offering in energy saving, industrial electric motors”
CG announces Q1 FY 14 results – strong sales and recovery of international operations
Avantha Group Company CG today announced its financial results for the first quarter ended June 30, 2013.
Performance Highlights‐ Q1 FY 2014
• Q1 FY14 – received orders worth Rs. 2441 crores
• Backlog orders at a record high – Rs. 9771 crores
• Q1 FY14 Revenues up by 12.3% over Q1 FY13 – Rs. 3157 crores
• EBITDA
at 4.6% doubles over Q4 FY13
• PAT Rs. 60 crores for Q1 FY14 vs Rs. 25 crores in Q4 FY13
Highlights
of Q1 FY
2014
• Power business back to profitability reflecting improvement in performance in Belgium and Hungary.
• Restructuring operations in Belgium completed and savings realized
• Bagged contract from Power Grid Corporation of India (PGCIL) for 765 kV Power
transformer valued at Rs 231.7 crore
• Sustained orders from Railway segment in India received orders worth Rs. 176 crores
• Successful exports of energy efficient motors from India
CEO and Managing Director, Laurent
Demortier of Avantha Group Company CG said “Q1
FY14 has been an encouraging quarter for CG, despite a challenging market environment. The strategic alignment in our POWER Transmission business in Belgium and Hungary has started to take shape and is on the path to recovery.
The overall savings program across businesses and regions is on track. The performance of all our businesses in India, have shown significant improvement”.
Avantha Foundation Urban Governance Programme
In order to bridge this gap, and offer support in an area that has remained largely untouched, the Avantha Foundation has decided to seed innovation in democratic governance practices in small towns with a population of 25,000 to 50,000, through a fund created to support such innovation. This programme is unique because it aims to recognise best practices within ULBs as an outcome of good democratic governance, thereby establishing its impact on service delivery.
The Avantha Foundation has constituted the ‘Avantha Governance Innovation Fund’ to create/support models of good urban governance that brings together the key players viz the elected representatives, citizens and the bureaucracy on a single platform to resolve a pressing issue of their town.
The thrust of our programme is on encouraging and strengthening innovations in democratic governance through maximised citizens’ participation. This pioneering programme has been envisaged as a collaborative effort between all stakeholders of the ULB (elected representatives, bureaucrats and citizens) to address governance gaps and put in place sustainable systems for strengthening good governance in their town.
Our objectives:
- To recognise good democratic governance in select ULBs and provide a fillip to innovation
- To create awareness about significance of good democratic governance in small urban bodies
- To facilitate systemic change by highlighting best practices that could be replicated
- To empower ULBs by strengthening the democratic process
- To establish seamless interface between citizens fora and elected representatives to ensure good service delivery by the ULB
- To promote learning and experimentation amongst ULBs by creating a knowledge platform
In 2012-13, the target states are Madhya Pradesh and Chhattisgarh. The Foundation has partnered with an NGO - Samarthan, in these states.
Avantha Foundation seeks to create this seed of change, by developing a platform that addresses democratic governance gaps in ULBs. The seed capital provided by Avantha Foundation will incentivise a movement or issue aimed at strengthening good democratic governance and sustainable development.
Why Avantha?
 Avantha is known for its positive work culture that rewards innovation, breeds initiative and encourages intelligent risk-taking. In recent years, Avantha has evolved into a dynamic and knowledge-driven organisation that inspires employees to collaborate and draw from a common knowledge pool, while helping the organisation leverage diverse intellectual insights. Avantha demonstrates strong leadership globally and emerges as a focused corporate, leveraging its knowledge, leadership and operations, adding lasting value for its stakeholders and investors. A global employer of choice, Avantha offers excellent opportunities for growth and self-development. |
King’s College London confers Honorary Fellowship on Gautam Thapar
London,23July2013: Avantha Group’s Founder and Chairman Mr Gautam Thapar received an Honorary Fellowship of King’s College London (Hon FKC) in recognition of his‘exceptional achievements in the fields of industry and philanthropy.
Founded by King George IV and the Duke of Wellington in 1829, King's College London is one of England’s oldest and most prestigious universities: a multi-faculty research-led institution based in the heart of London. The proposal to establish a fellowship of King’s was first considered by the Council of King’s in 1847. Nobel Prize-winners Archbishop Desmond Tutu and Professor Maurice Wilkins, and composer Sir Harrison Birtwistle among others have set up a precedent for the range of distinctions in fellowship.
Gautam Thapar is the Founder and Chairman of Avantha Group, one of India’s leading business conglomerates. His extensive philanthropic record reflects his sense of duty and service,and includes his endowment of the Avantha Chair in the King’s India Institute.
On congratulating Mr Thapar, Professor Sunil Khilnani, Avantha Chair and Director of King’s India Institute,said: Gautam Thapar is exceptional among corporate leaders in embodying a vision that is at once national and global: as leader of the Avantha Group, and in his various philanthropic activities in India and abroad, he has shown commitment to building long term and globally sustainable conditions for India’s
progress and development.
It’s an honour for King’s College London and for King’s India Institute to be associated with him: we too share his vision of contributing to India’s overall advance in a irreversibly globalized world.
‘In awarding Gautam Thapar an Honorary Fellowship, King’s College London welcomes him into the community of its most distinguished members: a Fellowship that includes Nobel prize winners as well as pioneers in the sciences, arts and business. We look forward to his continuing engagement with King’s, and I am personally delighted that he is now Fellow of King’s.
Crompton Greaves Wins Wind Onshore Projects in France
Mumbai, Maharashtra, India, Wednesday, July 03, 2013 -- (Business Wire India)
The project scope includes all electrical, mechanical and civil engineering works, supply of two 45 MVA step-up power transformers, medium voltage and high voltage Air Insulated Switchgear (AIS), Substation Automation System (SAS), buildings and ancillaries.
The substation will help to integrate wind energy and boost power supplies to meet the growing residential demand besides reinforcing the transmission grid and improving reliability, efficiency and power quality. The total 150GWh of installed capacity will produce electricity for over 55,000 households with an estimated reduction in emissions of 130.000 tons of CO2 per year.
The project is scheduled for completion by mid 2014. Substations include equipments that protect and control the flow of electric power, transform voltage levels and facilitate the safe and efficient transmission and distribution of electricity in the grid.
CG was successful against established industry competition in securing this second reference project in the French renewable sector after the 225kV wind substation commissioned in 2011 for VALECO's wind farm “Les monts de Lacaune”.
Commenting on this win, Avantha Group Company CG's CEO & Managing Director, Mr. Laurent Demortier said: “This is yet another proud moment for us. We thank Nordex and H2air for awarding CG the contract. This win demonstrates CG's local project management strengths, and on and offshore track record besides our cost-efficient approach in offering turnkey “design and build” grid infrastructure solutions. The contract is recognition of our offerings and expertise in the renewable energy sector and our commitment to support France's renewal goal and the growing regional electricity needs”.
About Avantha Group Company CG
Avantha Group Company CG is a global pioneering leader in the management and application of electrical energy. With more than 15,000 employees across its operations in around 85 countries, CG provides electrical products, systems and services for utilities, power generation, industries, and consumers. The company is organized into four business groups: Power, Industrial, Automation and Consumer. CG clocks US$ 2.3 billion in revenues from product lines that cover the entire value chain of engineering offerings.
For more information on CG, please visit: www.cgglobal.com.
- Will produce electricity for over 55,000 households
- Estimated reduction in emissions - 130.000 tons of CO2 per year.
The project scope includes all electrical, mechanical and civil engineering works, supply of two 45 MVA step-up power transformers, medium voltage and high voltage Air Insulated Switchgear (AIS), Substation Automation System (SAS), buildings and ancillaries.
The substation will help to integrate wind energy and boost power supplies to meet the growing residential demand besides reinforcing the transmission grid and improving reliability, efficiency and power quality. The total 150GWh of installed capacity will produce electricity for over 55,000 households with an estimated reduction in emissions of 130.000 tons of CO2 per year.
The project is scheduled for completion by mid 2014. Substations include equipments that protect and control the flow of electric power, transform voltage levels and facilitate the safe and efficient transmission and distribution of electricity in the grid.
CG was successful against established industry competition in securing this second reference project in the French renewable sector after the 225kV wind substation commissioned in 2011 for VALECO's wind farm “Les monts de Lacaune”.
Commenting on this win, Avantha Group Company CG's CEO & Managing Director, Mr. Laurent Demortier said: “This is yet another proud moment for us. We thank Nordex and H2air for awarding CG the contract. This win demonstrates CG's local project management strengths, and on and offshore track record besides our cost-efficient approach in offering turnkey “design and build” grid infrastructure solutions. The contract is recognition of our offerings and expertise in the renewable energy sector and our commitment to support France's renewal goal and the growing regional electricity needs”.
About Avantha Group Company CG
Avantha Group Company CG is a global pioneering leader in the management and application of electrical energy. With more than 15,000 employees across its operations in around 85 countries, CG provides electrical products, systems and services for utilities, power generation, industries, and consumers. The company is organized into four business groups: Power, Industrial, Automation and Consumer. CG clocks US$ 2.3 billion in revenues from product lines that cover the entire value chain of engineering offerings.
For more information on CG, please visit: www.cgglobal.com.
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