2007-2008 - Cgglobal.com

CHART
D
Gross Sales of Overseas
Power Systems Business
RS. MILLION
28%
29,597
TABLE
03
PERFORMANCE OF THE OVERSEAS POWER SYSTEMS BUSINESS
YEAR ENDED 31 MARCH, IN RS. MILLION FY 2007 FY 2008 GROWTH
GROSS SALES 23,199 29,597 28%
PBIT 1,437 1,795 25%
CAPITAL EMPLOYED 8,039 10,135 26%
UNEXECUTED ORDER BOOK 23,650 29,449 25%
NOTE Year-on-year figures are not strictly comparable, since 2006-07 did not have Microsol performance figures
23,199
FY2007
FY2008
The Overseas Power Systems business has
shown 28% topline growth over 2006-07
to reach Rs. 29,597 million in 2007-08
(US$ 738 Million)
as network enabled products. Microsol’s
customers are a mixture of major utilities,
government and military agencies as well as
global OEMs. It also has complete hardware
development capabilities to produce
customised interface boards. As mentioned
earlier, Crompton Greaves acquired Microsol on
28 May 2007.
The overall performance of the overseas
Power Systems business is detailed in Table 3.
The overseas Power Systems business has
shown 28% topline growth over 2006-07 to
reach Rs.29,597 million in 2007-08 (US$ 738
million). Better realisation, greater capacity
utilisation and rationalisation of material costs
have resulted in a 25% year-on-year growth
of PBIT to Rs.1,795 million in 2007-08 (US$ 45
million). Simultaneously, orders have increased:
the UEOB has increased by nearly 25% to
Rs.29,449 million (US$ 734 million), representing
nearly 12 months of current sales.
KEY DEVELOPMENTS IN CG POWER
2007-08 saw several significant developments
in CG Power. Given below are a few:
$ PRODUCT DEVELOPMENT: CG POWER
IN INDIA CG Power’s Kanjur Marg plant built
and supplied 220 / 220 KV, 200 MVA unit ratio
transformers for National Aluminium Company
Limited (NALCO) and 230 / 220 KV, 250 MVA
for TNB, the state electricity board of Malaysia.
International acceptance of this new product
bodes well for its future prospects. Additionally,
the plant manufactured and supplied to Bokaro
Steel Plant its largest furnace transformer at 33
KV / 46 MVA. CG Power’s Mandideep plant built
for the first time in India a 765 KV / 260 MVA
single phase generating transformer — which
was supplied to the National Thermal Power
Corporation (NTPC) for its plant at Sipat, in
Chhattisgarh.
The distribution transformer division at
Malanpur and Mandideep, developed foil
wound transformers based on Pauwels
technology, which reduce material quantity
and costs while enhancing efficiency levels.
It is an example of cross-border absorption
of best-in-class manufacturing practices and
technologies. For the first time, the division
developed a 132 KV / 23 MVA class low power
transformer, as well as a 5 MVA single phase
locomotive transformer.
CG Power’s Nashik and Aurangabad plants
have developed a 67 KV and a 138 KV ANSI
bushing, which are both being tested for the
US markets. These products have high global
acceptability and strong export prospects.
The switchgear division has been developing
several products for export markets: a 170 KV,
40 KA SF6 circuit breaker for South East Asia
and a 245 KV, 40 KA, 60HZ SF6 circuit breaker
for Brazil. It also produced a 36-245 KV
disconnecter, which was supplied to Australia,
Peru and Ecuador.
$ PRODUCT DEVELOPMENT: PAUWELS, GANZ
AND MICROSOL CG Power, through Pauwels,
is involved in the development of Unipower
— a common software enabled companywide
global platform for the design of power
transformers. The idea behind this project is to
facilitate quicker and more optimal designs;
spread these lessons across various facilities;
and substantially reduce response time to
customers. There has been good progress in the
Unipower project throughout 2007-08. There
is also a common global design platform for
distribution transformers called DesDT.
There were several new products / services
offered by Pauwels during the year, such as
transformers filled with FR3 cooling liquid
(natural ester); the prototype of a 5.5 MVA
converter transformer for RATP, the French
metro; and the prototype of a 6.2 MVA bioSLIM®
transformer for an offshore wind park.
Pauwels comfortably retains its No.1 position
as the manufacturer of SLIM® transformers for
wind power and wind park installations. It is also
considered a global market leader in the design
and sales of mobile substations up to 220 kV.
Ganz’s tank shop in Szolnok (Hungary) is
being developed as a resource centre for the
production of tanks used for transformers
for Europe, Middle East and Africa (the EMEA
region). Plans are being executed so that the
12 ANNUAL REPORT 2007–2008 CROMPTON GREAVES LIMITED