CROMPTON GREAVES LTD. - Updates

Crompton Greaves Ltd has informed BSE that Avantha Power and Infrastructure Limited (APIL) in which CG holds an equity investment of approx. 23.14% has informed that it has signed a Memorandum of Understanding with Adani Power Ltd. for 100 per cent sale of APIL's Korba West Power Company Ltd. (KWPCL). KWPCL, a SPV of APIL, is commissioning a coal based thermal power plant of 600 MW. KWPCL is valued in excess of Rs. 4200 crores.