Crompton Greaves announced sale of foreign transformer business
India, Kerala: While announcing its fourth quarter results last week, Crompton Greaves announced that it would sell the foreign power business, including foreign transformer business.
India, Kerala: While announcing its fourth quarter results last week, Crompton Greaves announced that it would sell the foreign power business, including foreign transformer business.
The company started expanding outside India in 2005 with the acquisition of Pauwels, a Belgian transformer manufacturer, followed by manufacturing business in Hungary, Ireland, France, the US, Canada and Sweden, reports Business Standard.
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