Crompton Greaves

YEAR                                                          EVENTS
 1937 - The Company was incorporated on 28th April, as a private
 limited
        company under the name, The Cromption Parkinson (Works) Ltd. 
 The
        main objects of the Company is manufacture, distribution and
        sales, installation and servicing of electrical and allied
        equipment such as industrial motors, fractional horse power
        motors, control gear, power and distribution transformers,
        alternators, switchgear, tap changers, etc.
 
      - The Company also undertakes the manufacture of railway
 equipments
        as well as electronic equipment and micro processor based
        systems in relation to communication, measurement, testing,
        automation and control, computers and also Research &
 Development
        and consultancy assignments in the areas of science and
        technology.
 
      - The Company has also undertaken manufacture and marketing of
        industrial electronics, consumer electronics, household
        appliances and railway signalling equipment.
 
      - Greaves Cotton & Cromption Parkinson Ltd., Mumbai a company
        incorporated on 7th June, as a private company with the main
        objects of distribution and sale, installation and servicing
 of
        electrical and allied equipment
 
 1947 - It was a wholly owned subsidiary of Crompton Parkinson Ltd.,
        England during the year.
 
 1966 - Greaves Cotton & Cromption Parkinson Ltd., Mumbai was
 amalgamated
        with the Company from 1st January, by an order of the Mumbai
 High
        Court dated 18th July.
 
      - After the amalgamation of GCCP, the Company's name was changed
 on
        2nd August from Cromption Parkinson (Works) Ltd., to
 Cromption
        Greaves Ltd.
 
 1975 - The company had only one other technical collaboration
 agreement
        with Hitachi Ltd., Japan for the manufacture of moulded case
        circuit breakers, which was since expired.
 
 1978 - It entered into various technical collaboration agreements
 with
        several renowned manufacturers from U.S.A., U.K., Europe and
        Japan.
 
      - It entered into technical collaboration agreement with
        Westinghouse Electric Corporation, U.S.A., for the manufacture
 of
        400 KV transformers, aluminium wound transformers and high
        voltage vacuum interrupters, with Brush Electricals Ltd.,
 U.K.,
        for alternators, with Hawker Siddeley Power Transformers of
 U.K.,
        for medium range on-load tap changers, with Emile Haefely,
        Switzerland, for current and potential transformers and
 condensor
        bushings, with Hundt & Weber, West Germany, for air circuit
        breakers, with Westinghouse Brake & Signals, U.K., for
 signalling
        relays and mosaic panels with Siemens AG, for push button
        electronic telephone instruments, with Hitachi Ltd., Japan,
 for
        motors and contractors and relays with Mitsubishi Electric
        Corporation, Japan, for SF6 gas circuit breakers with NEI
        Reyrolle, France, for auto recloser, with Power Conversion
 Inc.,
        U.S.A., for lithium batteries and with Sekar Enterprises,
 U.S.A.,
        for polymer concrete insulation.
 
      - Pavana Investment Pvt. Ltd., incorporated on 26th April, with
 an
        equity share capital of Rs 50 lakhs became a wholly owned
        subsidiary of the Company.
 
      - Hind Condensor Pvt. Ltd., is a wholly owned subsidiary of
 Pavana
        Investment Pvt. Ltd.  Both Pavana Investment Pvt. Ltd., and
 Hind
        Condensor Pvt. Ltd., became deemed public companies.
 
      - 2,40,000 bonus shares issued in the prop. 1:3.
 
 1981 - Kerala Electric Lamp Works Ltd. (formerly Toshiba Anand Lamps
        Ltd.,) became a subsidiary of the Company.
 
 1986 - The Company jointly with the Punjab state Industrial
 Development
        Corporation Ltd., promoted another company under the name
 Punjab
        Power Generation Machines Ltd., for the manufacture of hydro
        turbines upto 20 MW in Punjab.
 
      - The Company promoted jointly with Economic Development
        Corporation of Goa, Daman & Diu Ltd., another company under
 the
        name of Goa Electricals and Fans Ltd., for the manufacture of
        ceiling fans in Goa.
 
 1987 - An up-to-date plant for the manufacture of vacuum
 interrupters
        was commissioned at Aurangabad.
 
      - An up-to-date plant for the manufacture of industrial
 electronic
        items and a project for the manufacture of signalling systems
        commissioned at Nasik and an instrument relays project were
        commissioned at Pithampur.
 
      - The diversification projects under implementation were fluid
        purifiers at Aurangabad, rural automatic exchange and line
        transmission equipment at Bangalore, transformers and
 reactors
        at Malanpur near Gwalior, and a software development centre
 at
        Mumbai and Bangalore.
 
      - The Company developed and introduced 33 KV SF6 breakers,
 local
        transformers and hydro generators.
 
      - A new R&D laboratory in the field of illumination was added
 to
        the existing laboratories in the areas of power electronics,
        telecommunication and manufacturing engineering.
 
      - Goa Telematics Ltd., another company promoted jointly with
        economic Development Corporation of Goa was set up in Goa for
 the
        manufacture of moderns, data communication terminals, etc.
 
      - A new company under the name of CG-PPI Adhesive Products
 Ltd.,
        jointly promoted with Pl Adhesive Products Ltd., Ireland was
 set
        up in Goa for the manufacture of adhesive tapes for
 electrical
        and electronics application.
 
 1988 - The Company developed and introduced supervisory control and
 data
        acquisition and programmable logical controllers.
 
      - The Company commissioned under joint venture, plants for the
        manufacture of telematics at Goa and television receivers at
        Pithampur.
 
 1989 - The R&D wing progressed in developing and introducing new
        products such as magnetic amplifier transistorised AC drive,
        production line impulse tests, electronic chopper for fork
 lift
        truck and energy efficient ceiling fans.
 
      - 9,60,000 bonus shares issued in the prop. 1:1.
 
 1990 - The rural telecommunication unit at Bangalore, the
 transformers
        unit at Malanpur and M.P. and vacuum fluid purifier plant at
        Aurangabad were commissioned.
 
      - Fresh Collaboration agreements were entered into with Kato
        Electric Manufacturing Co., Ltd., Japan, for fluid purifiers,
        with Westinghouse Brake & Signals Holdings Ltd., U.K., for
 point
        machines and with Hitachi Ltd., Japan for lighting arresters.
 
      - New products developed and introduced by the R&D wing were
 new
        telephones such as feature phones, slim-line uniterruptible
        power supply of computers, automatic test systems for motors,
        MODCMS and data communication terminal 12 KV SF6 capacitor
 switch
        and MCCR with Type C Co-ordination.
 
      - The adhesive tapes project at Goa and the turbine project at
        Punjab were implemented.  A joint venture company under the
 name
        of CG-Teltec Ltd., with foreign equity participation was
 promoted
        by CG and Teltec of Denmark for the manufacture of radio
        communication equipment at Bangalore.
 
      - Another joint venture company was promoted under the name of
        CG-Newage Electrical Ltd., with foreign equity participation
 from
        Newage International Ltd., U.K., for the manufacture of
 electric
        motors, generators and control systems thereof at Ahmednagar
 for
        the manufacture of motors and alternators was commissioned in
 May
        1992.
 
      - Kerala Electric Lamp Works Ltd. (KELW) was amalgamated with
 the
        company with the effect from 1st April.  In terms of the
 Scheme
        of Amalgamation, the shareholders of KELW were to be issued
 264
        No. of equity shares of Rs 100 each of the Company in the
        proportion of one share of the Company for every 50 fully
 paid-up
        equity shares of Rs 10 each of KELW.
 
 1991 - The R&D wing progressed in developing new products such as
        automatic test systems for motors and transformers, impulse
 test
        systems, high performance polyurethane paint, ESMAP-2P,
 software
        for FEA of electrical products and computer graphic cards,
 such
        as CHROMA and an extended range of transistorised
 microprocessor
        based AC drives.
 
      - During February/March, the Company offered 6,40,000-12.5%
 secured
        fully convertible debentures of Rs 475 each on Rights basis
 in
        the proportion 1 debentures: 3 equity shares held (all were
 taken
        up).  Simultaneously another 32,000-12.5% debentures were
 offered
        to the employees' on an equitable basis (all were taken up).
 
      - Each debenture was compulsorily and automatically converted
 into
        1 equity share of Rs 100 each at a premium of Rs 375 per
 share
        on 1st August, 1992.  Accordingly, 6,72,000 No. of equity
 shares
        were allotted.  13,11,216 Rights equity shares (prem. Rs 700;
        prop. 1:2) allotted on 19.3.1993.
 
      - 264 No. of Equity shares allotted pursuant to a Scheme of
        Amalgamation.
 
 1992 - A joint venture project for manufacture of electric meters at
        Gurgaon and Company's plant for manufacture of lithium
 batteries
        at Goa were commissioned.
 
      - The R&D unit developed new products like DC/AC current sensor
 and
        mixed dielectric insulation system for 220 KV coupling
        capacitors.
 
 1993 - A joint venture projects for manufacture micro motors at EPZ,
        Chennai and another for manufacture of solid state energy
 meters
        at Gurgaon, Haryana were commissioned.  The joint venture
 unit
        for electronic battery chargers, a 100% export oriented unit
 at
        Chennai, was launched.
 
      - The R&D unit introduced new products like AC drives, static
        convertors, brushless DC motors, SF6 capacitor switch,
 inverters
        for railway applications, impregnating resins, furnace
 control
        systems, auto synchronising units, GPIB controller/GPIB
        instruments, industrial control display and monitoring
 software
        design automation and automatic test systems.
 
      - During January/February the Company offered 12,96,132 No. of
        equity shares of Rs 100 each at a premium of Rs 700 per share
 on
        Rights basis in the proportion 1:2 (all were taken up).
 
      - Another 64,807 No. of equity shares of Rs 100 each were
 offered
        to the employees' at a premium of Rs 700 per share on an
        equitable basis (only 15,084 shares taken up).  Unsubscribed
        portion of 49,273 shares was allowed to lapse.
 
      - The Company proposed to issue equity shares/convertible
        bonds/dispository receipts upto the value of US  million
 or
        Rupee equivalent thereof through International offering
 and/or
        private placement with Foreign Financial Institutions.
 
 1994 - A joint venture project for manufacture of medium voltage
 ring
        main units at Nasik was commissioned.  The Stampings factory
 at
        Mumbai launched the non silicon range of electrical steel
        stampings.
 
      - The Company submitted its bid to DOT for provision of
 cellular
        services in seven circles in association with Millicons of
        Luxembarg.
 
      - A Company CG Communication Pvt. Ltd., was promoted to provide
        cellular mobile telephone services in the telecom services in
        India.
 
      - The Company undertook to invest 60% in CG Graphnet Pvt. Ltd.,
 a
        Company formed for selling up a network for offering a
 diverse
        range of data and message handling services like E-Mail,
 Enhanced
        fax and other value added services.
 
      - It was also proposed to invest upto 40.5% in the share capital
 of
        Skycell Communications Pvt. Ltd., a company formed for
 providing
        cellular communication services.
 
      - The Company has established a well equipped electricals (LV)
 and
        an electronics laboratory at its Kanjur Complex, an
 engineering
        laboratory and an EHV laboratory at Ambad, Nasik and an 
        illumination engineering laboratory at Worli.
 
      - The Central R&D Laboratory set up at Kanjur is also
 recognised
        by the Department of Science & Technology of the Government
 of
        India.
 
      - New products such as electronic speed governor for hydel and
        steam turbines, Co-generation packages for the sugar industry
 for
        own use and to feed any surplus power into the grid, solid
 state
        inter locking for railway yards, block multiplexes for date
        communication for railway signalling, upgradation of soft
        stenters and transformer technology absorption of AVS
 controller
        from Powertec, USA, microprocessor based trip relay
 controllers
        for air circuit breakers and micro processor based test
 measuring
        instruments were developed and introduced.
 
      - 52,50,000 of Rs 10 each at a premium of Rs 200 per share
 allotted
        on private placement basis to FIIs.
 
 1995 - A modern transformer factory with the latest manufacturing
        equipment was set up at Bhopal with a present installed
 capacity
        of 5000 MVA per annum and capable of undertaking manufacture
 of
        8000 KV or HDVC transformers in future.
 
      - The transformer division also developed a 290 MVA, 220 KV
 class,
        3 phase generator transformer, the largest 3 phase 220 KV
 class
        generator transformer in India.
 
      - Hind Condensor Ltd., Goa Telematics Ltd. (GTL) and Northern
        Digital Exchanges Ltd. (NODE) were amalgamated with the
 Company.
 
      - The Company issued and allotted 11,06,440 shares and 2,893
 shares
        to the shareholders of erstwhile NODE and GTL respectively.
 
 1996 - The Company was restructured in four main business group viz.
        Power system, Industrial system, consumer products and Digital
 to
        ensure enhanced focus and effectiveness.
 
      - Indocom Industries Ltd., a 100% subsidiary of the company and
        Lumino Lamps Ltd. were amalgamated with the Company. 
 Consequent
        to the amalgation 31,366 shares were issued to the
 shareholders
        of erstwhile Lumino Lamps Ltd.
 
      - The Company accessed the international capital market with an
        issue of US  million which was fully subscribed at Rs 265
 per
        GDR.  To this issue, 66,13,750 GDRs and an equal number of
        underlying equity shares of Rs 10 each were allotted.
 
 1997 - 2,49,343-14% secured non-convertible debentures Rs 100 each
        issued on private placement basis are redeemable at a premium
 of
        5% on 15th July.
 
      - The 10,00,000-19% secured redeemable non-convertible
 debenture
        of Rs 100 each redeemable at 5% in 3 equity instalments
 starting
        from the end of 6th year from the May 1992 the date of
 allotment.
 
      - The Kersons Manufacturing Company of India Ltd. (Kersons) and
 Goa
        Electricals and Fans Ltd. (GEFL) were amalgamated with the
        Company.  Consequent to the amalgamation the company issued
        1,11,030 and 4,792 shares to the shareholders of erstwhile
 GEFL
        and Kersons respectively.
 
      - Crompton Greaves, a Thapar group company, has formed a joint
        venture with ELIN Energieversorgung (ELIN) of Austria to
        manufacture gas and steam turbine driven generators, up to 45
        MVA capacity, and hydel generators.
 
      - Crompton Greaves Ltd., one of India's largest private sector
        enterprises in electrical engineering, has opened its Energy
        Conservation Cell at Chennai, New Delhi, Mumbai and Calcutta
 to
        help customers take on the soaring fuel prices.
 
      - The 50:50 joint venture between Thapar group company Crompton
        Greaves and Elin, Cg Elin power systems, would come up in
        Mandideep near Bhopal.
 
      - Crompton Greaves Power Systems group, one of the four
 divisions
        of Crompton Greaves Ltd (CGL), has signed an MoU with Allied
        Signal Amorphous Metals to develop amorphous metal
 transformers
        for the Indian and export markets.
 
      - N E C  Corporation has formation of a joint venture with
 India's
        Crompton Greaves Ltd, in Bangalore to manufacture microwave
        telecom systems, turning out such gadgets as very small
 aperture
        terminals and synchronous digital hierarchy microwave
 systems.
 
      - Crompton will provide the technical knowhow and management
        support to the joint venture for which it will be paid fee
 and
        royalty on sales.
 
      - Goa Electricals and Fans Ltd. (GEFL), a joint sector company
        promoted by the Economic Development Corporation of Goa (EDC)
        and Crompton Greaves Ltd. (CGL), is to be amalgamated with
 CGL
        under the provisions of the Sick Industrial Companies
 (Special
        Provision) Act, 1985.
 
      - Crompton Greeves-Powerware, the 49:51 joint venture between
        Crompton Greaves (CG) and the US-based Exide Electronics for
        the manufacture of UPS systems, will unveil its range of
 large
        UPS systems, in the 40-150 KVA range, in October.
 
      - Crompton Greaves is joining hands with the  billion NEC of
        Japan to set up a joint venture for the manufacture of
        microwave radio equipment.
 
      - The US$ 800 million Austrian company Elin is in talks with
        Crompton Greaves to set up new joint venture company in the
        power transmission and distribution sector.
 
 1998 - CGL has recently forged an alliance with Link Middle East
 Ltd.
        (LMEL) to form a 40:60 joint venture company, initially for
 the
        manufacture of medium voltage vacuum switchgear at Dubai.
 
      - Crompton Greaves in collaboration with Allied Electrical of
 the
        US will soon commence commercial production of newly
 developed
        transformer of higher rating.
 
      - CGPL became a wholly-owned subsidiary of CGL after the
 transfer
        of 110,000 equity shares held by Tamil Nadu Industrial
        Development Corporation to CGL in May.
 
      - Investment Information & Credit Rating Agency (ICRA) has
 assigned
        an A1 rating to the Rs.150-crore short-term debt programme of
        Crompton Greaves Ltd (CGL).  The rating indicates highest
 safety.
 
 1999 - PPGML, a company promoted by CGL and PSDIC in 1985 in
 technical
        collaboration with Germany based Voest Alpine and Kossler,
 has
        facilities for manufacture of hydro-turbines upto 120 MW at
        Channo, Punjab.
 
      - Crompton Greaves Ltd. that they have signed an MoU with
 Israel
        based Tadiran Telecommunications Ltd., for marketing and
        servicing Tadiran's Coral range of telecommunication product
 in
        the Indian subcontinent.
 
      - Crompton Greaves Ltd. (CGL) has entered into a technical
        collaboration with Allied Signal Inc. for manufacturing
        Amorphous Metal Transformers (AMT).
 
      - The company has also signed a four-year wage settlement with
 its
        employees at Nahsik and Satpur.
 
 2000 - The Company has entered into an agreement with Bharti
        Televentures Ltd., for the sale of its 40.5% shareholding in
        Skycell Communications Ltd. for a sum of approx. Rs 95 crores
        based on the enterprise value.
 
      - Gautam Thapar Managing director of Ballarpur Industries has   
 
        joined Karan Thapar as Director in Crompton Greaves.
 
      - The informatics division of Crompton Greaves has tied up with
        Remedy Corporation for consultation, implementation and
 training
        of eCRM and eBusiness infrastructure solutions in India.
 
      - The Company has signed an agreement with French company
        Schneider Electric for selling its low tension control gear
        business located in Nasik in Maharashtra.
 
      - The Company has entered into an agreement for sale of its Low
        Tension Control Gear division located at Satpur, Nashik to
        Schneider Electric India Ltd for approximately Rs 76 crore.
 
      - The Company has hived off its joint venture subsidiary,
 Skycell
        Communication Ltd., for a total sale consideration of Rs 124
        crore.
 
       - The Company has introduced two new fan models called Gothica
 and Exotica.
 
 2001 - The Company which launched indiawomenpower.com, a women
 specific
               portal, launched a portal on tenders called
 tenderpower.com.
 
            - CG-Digital, a business unit of Crompton Greaves, has
 launched a new range of
              digital and KTS/EPABX systems to suit varying needs of
 communication.
 
            - The Company currently holds 30,99,993 No. of equity
 shares of Rs 10 each in the
               share capital of CG Igarashi Motors Ltd. and 1,91,978
 No.of equity shares of Rs 100
               each of the share capital of CTR Manufacturing
 Industries Ltd.
 
            - The Company has proposed to transfer its shareholdings
 in CG Igarashi Motors and
              CTR Manufacturing Industries to its 100 per cent
 subsidiary, CG Capital & Investments.
 
 2001 -  IN a bid to reduce its manufacturing costs, LM Thapar Group
 company Crompton Greaves
               has begun importing electrical components from Chinese
 manufacturers for its consumer
               products division.
 
 2002-Crompton Greaves Ltd has informed  that Mr S D Crowther has
 relinquished his Directorship from the Board of Directors of the
 company wef February 01, 2002.
 
 -Crompton Greaves Ltd has informed BSE that the Company has divested
 its shareholding of 38% in CG Newage Electrical Ltd to Cummins India
 Ltd at a price of Rs 220.50 per share.
 
 2003 - Appointment of Mr S Labroo as an Additional Director.
 
 -Solaris Chemtech Ltd has increased its holding in this company  to
 12.65 per cent after it acquired 9,50,000 shares from Greaves Ltd.
 
 -The company has got approval  for capital restructuring-according to
 which  Rs 1520 million be utilised for adjustment against the balances
 in the following accounts as at March 31, 2003 and
 accretions/variations thereto during the period April 1, 2003 to July
 31, 2003
 1. Miscellaneous Expenditure (to the extent not written off or
 adjusted)
 2. Deferred Tax Asset and 
 3. Debit Balance in the Profit and Loss Account.
 
 2004
 
 - Delisting of shares from Madras Stock Exchange.
 
 -Crompton Greaves Ltd has informed that the BoD at its meeting held
 today (July 22, 2004), the Board approved the following changes in
 the company's BoD: Appointment of Gautam Thapar as
 Chairman.Resignation of Mr KK Nohria as a Director.Both the above
 changes are effective from the conclusion of the AGM scheduled to be
 held on July 22, 2004
 
 2006
 
 -Crompton Greaves picks up Hungarian firms