#avantha group

[doonitedin]

CBI charge sheets Rana Kapoor, his wife, Avantha Group promoter

CBI charge sheets Rana Kapoor, his wife, Avantha Group promoter

Last March, CBI had registered a case against Rana Kapoor and others alleging that he misused his official position as then MD and chief executive officer of Yes Bank and acquired a prime Delhi property, mortgaged with the bank By Manish K Pathak, Mumbai The Central Bureau of Investigation (CBI) on Friday filed a charge sheet in the special CBI court in Mumbai against YES Bank founder Rana…

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The story of Gautam Thapar, arrested by ED in money laundering case

The story of Gautam Thapar, arrested by ED in money laundering case

At 60, Avantha Group promoter Gautam Thapar must have thought he had seen everything life had thrown at him. Not quite as it turns out. When the Enforcement Directorate (ED) arrested him, the allegation was serious. Thapar, according to officials and media reports, was being taken into custody in connection with a money laundering case. The facts on hand do not make for good reading. In 2017,…

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YES Bank exits CG Power, sells over 10% stake in tranches

YES Bank exits CG Power, sells over 10% stake in tranches

NEW DELHI: YES Bank has exited CG Power & Industrial Solutions Ltd (CG Power) by selling its entire stake-holding in the company, the bank said on Wednesday.

Yes Bank has sold 6,34,00,000 equity shares having nominal value of Rs 2 each, constituting 10.12 per cent of the share capitalof CG Power in various tranches, last being on August 18, 2020, the private sector lender said in a regulatory…

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Yes Bank Puts up for Sale Properties of Avantha Group, RHC Holdings for Recovery of over Rs 1,000 Crore

Yes Bank Puts up for Sale Properties of Avantha Group, RHC Holdings for Recovery of over Rs 1,000 Crore

Yes Bank will auction properties of Thapar Group’s Avantha Holdings and Oscar Investments Ltd of Singh brothers alongside those of some individuals later this month to recover loan dues of over Rs 1,000 crore.

The sale of immovable assets will take place through e-auction on various dates in July under the Securitization and Reconstruction of Financial Assets and Enforcement of Security…

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[businesswireindia]

Avantha Group Company CG has won a significant order of USD 35 million (INR 236 crore approx.) from PT PLN (Persero), the state-owned electricity company of Indonesia, to manufacture and install 28 power transformers ranging from 83.3 MVA to 167 MVA and rated voltage 500 kV/150 kV. CG’s power transformers will be installed across PT PLN’s transmission network, spread over multiple substations and power plants in the Java, Sumatra and Kalimantan provinces of Indonesia. The delivery period is scheduled between May 2016 and March 2017

[businesswireindia]

Avantha Group Company CG today announced that with effect from 3 February 2016, Laurent Demortier will be stepping down as the CEO and Managing Director of Crompton Greaves Limited (CGL).

[businesswireindia]

Avantha Group Company CG and CEA (LITEN) have agreed to cooperate for a period of 12 months to investigate market potential and opportunities for Solar Photo Voltaic (PV) system with storage function for Indian Airports. The agreement was formally announced during the recently held India-France Business Summit in Chandigarh. There is no capital investment in the first phase of this collaboration, however following investigation if found suitable, the companies intend to set up manufacturing facilities using CG’s infrastructure and expertise in India and technology knowhow of CEA for commercialising the business opportunity. Being a critical infrastructure, Airports need significant energy backup. Use of Solar PV with battery backup is an innovative solution that will enable Indian airports to reduce carbon emissions by moving over the traditional diesel generator (DG) sets, at the same time make it an economical option given the considerable Time of Day (TOD) charges levied.

[businesswireindia]

Avantha Group Company CG has been awarded an attractive contract to equip seven transmission substations of Dominican Republic Transmission Utility ETED (Empresa de Transmisión Eléctrica Dominicana) with ZIV Substation Automation and Telecommunication Systems. The timing for delivery is March 2016, followed by project commissioning by June 2016. The project is part of the expansion of the electricity transmission system in the southern region of the Dominican Republic where the largest wind farm in the country is located.