Company Overview of Avantha Group
Avantha Group operates in pulp and paper, power transmission and distribution equipment and services, food processing, farm forestry, chemicals, energy, infrastructure, information technology, and information technology-enabled services businesses. It engages in the manufacture of writing and printing papers; management and application of electrical energy; design, manufacture, and marketing of electrical products; cultivation, processing, and marketing of gherkins, jalapenos, pearl onions, capers, pritamin peppers, sweet and sour cherries, and sweet corn; manufacture of bromine and bromine chemicals, phosphoric acid, caustic soda, and chlorine; generation of electric power; and production o...
New Delhi, 110 001
Founded in 1919
Key Executives for Avantha Group
Chairman and Chief Executive Officer
Group Director of Finance and Member of Management Board
Chief Executive Officer of The Global Green Company Limited
President of Consumer Business of Crompton Greaves and Executive Vice-President of Crompton Greaves
Compensation as of Fiscal Year 2014.
Avantha Group Key Developments
Tata And ICICI In Talks To Acquire Jhabua From Avantha
Nov 24 14
Avantha Power & Infrastructure Limited (Avantha Power) is in discussions to sell Jhabua Power Ltd. to The Tata Power Company Limited (BSE:500400) and ICICI Venture. "Avantha Power is also in serious discussions with the consortium of Tata Power and ICICI Venture for its second half--Jhabua Power that is implementing 1,260 MW thermal capacity in two phases of 600MW and 660 MW in Madhya Pradesh," said the first person familiar with development told Economic Times (ET). "The deal with Tata Power-ICICI Venture is likely to take a couple of weeks and would also be in the range of about Rs 4,000 crore." ET first reported this on November 4, 2014. Avantha Group spokesperson didn't respond to queries, Economic Times reported. "From the entire proceeds that will accrue from divestment from Korba and Jhabua, Avantha Power will repay about Rs 1,000 crore to the PE fund against its investment of $125 million," said the second person familiar with the development.
Thapar Group Mulls Selling Avantha Power Assets To Reduce Debts
Nov 5 14
A joint venture between The Tata Power Company Limited (BSE:500400) and ICICI Venture has begun talks to buy out some power assets of Avantha Power & Infrastructure Limited as the cash strapped Thapar Group considers asset sale to reduce its debt. Two people with direct knowledge of the matter said officials from both sides have met to discuss the issue and that the deal is likely to involve the sale of operational power plants. "We had several meetings with the Thapar Group officials for the purchase of the power assets," one of the two persons quoted above said. "It's a good asset but we are yet to sign any term sheet to start due diligence as talks are in early stages," the person added.
Avantha Group Company Receives Order in Excess of €150 Million for the Offshore Wind Project 'Gemini' in the Netherlands
Jun 25 14
Avantha Group Company CG has been selected by Van Oord, for the offshore wind project 'Gemini' in the Netherlands. As part of the scope CG, will design, deliver and install 2 high voltage (HV) offshore substations and 1 HV onshore substation. The volume of the order for the consortium is in excess of 150Mn. CG's scope covers approx. 30% of the overall contract. The project is expected to start in the second quarter of 2014 and to be completed in 2016. The Gemini project consists of 2 offshore wind farms i.e. Buitengaats (300MW) and ZeeEnergie (300MW) and is located 85 kms north of the island of Schiermonnikoog in the Dutch North Sea. The total 600MW of installed capacity will produce electricity for over 785,000 households which equals a reduction in emissions of 1,250,000 tons of CO2.
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