Engine segment shows impressive growth

April 27, 2010: Greaves Cotton Limited, one of India's leading engineering companies, has reported higher revenue at Rs. 358.01 Crores for the quarter ended 31st March 2010 as against Rs. 240.56 Crores for the corresponding quarter last year (an increase of 48.8%). The Profit After Tax (PAT) has increased to Rs. 33.61 Crores as against Rs. 14.37 Crores, for the corresponding quarter last year (a quantum growth of 133.9%). The Company has declared third interim dividend of 20% equivalent to Rs. 2.00 per equity share, making the total interim dividend to Rs. 4.50 per share for the current financial year.

Financial performance for nine months ended 31st March 2010, has also shown significant growth both in turnover and profit after tax. While the turnover, at Rs. 999.51 Crores as against Rs.799.29 Crores for the corresponding period last year shows an increase of 25%, the PAT at Rs. 90.20 Crores as against Rs. 42.75 Crores, shows a growth of 111%.

The engine segment of the Company, where the Company has considerable technological strengths, continued to show good performance. The automotive sector grew well, as also the agro engines business. The Company is aggressively promoting its new generation factory-built gensets among various target markets. Recent revival in the construction scenario is also expected to drive the Company's construction equipment business going forward.

Greaves Cotton is a multi-product, multi-locational Company with core competencies in diesel / petrol engines, gensets and construction equipment. The Company sustains its leadership through nine manufacturing units which produce world class products backed by comprehensive marketing and service / parts network throughout the country and state-of-the-art Research & Development facilities.

For Further information, please contact:
Mr. Thomas Furtado, Group General Manager
Marketing Services
Greaves Cotton Limited, Mumbai
Tel: 022 - 24397616

Bengaluru, November 25, 2009: Greaves Cotton, a leading engines and construction equipment manufacturer, has entered the earth- moving segment with the launch of its Wheeled Loader CG 932 H. It has also tied up with Mitsubishi Heavy Industries Limited, Japan, to market its range of Motor Graders in India.

Greaves Cotton, presently, is the only Indian manufacturer to offer a range of products in concreting as well as compaction segment. With the inclusion of these two new products in the earth- moving segment, it will have an exclusive position as a supplier for the contractors involved in road building, irrigation and other infrastructure development projects.

At EXCON 2009 in Bengaluru, Greaves Cotton launched its 14 / 12 Meter Boom Pump, a cost effective solution for contractors involved in construction of Elevated Highways, Bridges etc. The Greaves Perfect-mix 1000, a 60 cubic meter per hour capacity Concrete Batching Plant and GCP 450 DS, a high capacity Concrete Pump are the other new products showcased at the exhibition.

It may be recalled that the Company had recently launched the 19 ton Vibratory Compactor, the heaviest in the country, in technical tie-up with Bomag Gmbh, Germany. This compactor augments the existing range in the 10, 11 & 12 ton class. Greaves Cotton presently markets the entire range of Bomag products in India, which includes Pneumatic Tyred Roller, Cold Milling Machine, Stabilisers and Paver Finishers.

Greaves Cotton, a Rs. 1150 crore, multi-product, multi-locational company is one of the leading engineering companies in India with core competencies in diesel / petrol engines and infrastructure equipment. The Company sustains its leadership through nine manufacturing units which produce world class products backed by comprehensive marketing and service / parts network throughout the country.

For Further information, please contact:
Mr.K.Sunilkumar, Executive Vice President
Construction Equipment Division
Greaves Cotton Limited, Chennai
Tel: 044 - 25230482, 25255200
Email : ksk@greavesmail.com

Thursday, October 22, 2009: Greaves Cotton kicked off a road show in Bangalore, Karnataka today. The road show will cover prominent industrial and commercial areas in and around Bangalore over a period of nearly 6 days. It is aimed at promoting the range of Greaves gensets among various target groups.

The road show will showcase the latest new generation, silent, eco-friendly 'G' series gensets which find wide application in hotels, hospitals, retail outlets, commercial complexes and small and medium industries. Through the road show, Greaves Cotton plans to meet its dealers and existing / potential customers and highlight various features and benefits of the range of gensets. This event will help Greaves Cotton further strengthen the relationship with customers and dealers in the state of Karnataka.

The 'G' series Engines and Gensets plant in Pune, Maharashtra is equipped with the modern manufacturing facilities for the new gener1ation products. The engines for diesel gensets are designed and tested at the state-of-the-art technology centre in Pune. The testing facility is among the best in the industry and is equipped with emission measurement capabilities, integrated digital controls, conditioned air, fuel conditioning and water temperature control for testing engines upto 2 MW. It is also capable of testing gas engines.

Greaves Cotton, a leading engines and gensets manufacturers in India, produces diesel gensets in the range of 5 to 500 KVA. The Company also makes petrol / kerosene gensets in 0.5 to 2 KVA capacity. The aesthetically designed Greaves gensets are eco-friendly, compact with user friendly controls and are backed by an extensive sales and service under one roof. What's more, these gensets also meet the CPCB norms for emission and noise.

Greaves Cotton, a Rs. 1150 crore, multi-product, multi-locational company is one of the leading engineering companies in India with core competencies in diesel / petrol engines, gensets and infrastructure equipment. The Company sustains its leadership through ten manufacturing units which produce world class products backed by comprehensive marketing and service / parts network throughout the country.

Mumbai, July 14, 2009: Greaves Cotton Limited, one of India's leading engineering companies, is launching the heaviest Single Drum Vibratory Compactor ever to hit the Indian soil. With a weight of more than 19 ton, this compactor is the heaviest in terms of operating weight and total force. The compactor known as BW 219 D-4, is manufactured in Gummidipoondi, Tamil Nadu in a technical tie up with Bomag, Germany- the world leader in compaction equipment. This machine will complement an already well established range of Greaves compaction equipment.

The 19 ton Greaves Bomag vibratory compactor

BW 219 D - 4 with production output ranging from 960 to 1440 cubic meters per hour and above is capable of compacting layer thickness upto 1 meter, to achieve the required density with minimum number of passes. This high productivity will make the machine the ultimate choice for Contractors involved in Irrigation, Dams, Railways, Airports and Road projects. Powered by a fuel-efficient water-cooled Tier II engine delivering 197 HP @ 2300 RPM, this 4th generation machine is capable of generating centrifugal forces up-to 32 Tons at an amplitude of 2 mm. Its operating weight of above 19 ton and a Static linear load of 60.1 Kg/Cm, with dual frequency and amplitude, enable faster project completion and optimum utilization of related equipment like dumpers, excavators etc. BW 219 D-4, a 'Drum Drive' machine with Hydrostatic Travel and Vibration, comes with many features like Electronic Engine speed-control, 'Bolted' type Articulation Joint, No-Spin Differential Axle and Single Lever Travel and Vibration Control. The machine is also compatible for attaching latest compaction measuring instruments like Bomag Terameter (BTM) and Bomag Compaction Measuring (BCM) system. It can also be supplied with 'Bolt-on' type Pad Foot segments (BW 219 PD-4) with special scrapper attachments. With a gradual turnaround in the Indian infrastructure project scenario and also with the Government back up, the wait seems to be finally over for contractors as the 'ultimate choice' in compaction has arrived. Greaves, a Rs. 1300 crore, multi-product, multi-locational company is one of the leading engineering companies in India with core competencies in diesel / petrol engines and infrastructure equipment. The Company sustains its leadership through ten manufacturing units which produce world class products backed by comprehensive marketing and service / parts network throughout the country.

Mumbai, May 11, 2009: Greaves Cotton Limited, one of India’s leading engineering companies, achieved a rare distinction when it crossed production of two million light diesel engines on May 7, 2009. The roll out took place at the Company’s Aurangabad plant. In December 2004, Greaves had reached the millionth light diesel engine mark. The second million has taken just 4 ½ years.

Commenting on this landmark achievement, the Company’s Managing Director & CEO Mr. Prabhakar Dev, said "With an annual production of over 2,50,000 single cylinder light diesel engines, Greaves is already amongst the largest manufacturers of such engines in the world. If we maintain this momentum, I reckon the next million is not too far away".

Greaves began the manufacture of light diesel engines way back in 1977 and has since set up three more plants and a Technology Centre dedicated to design and develop new proprietary technology eco-friendly diesel engines for automotive and other applications. The Company’s manufacturing plants are equipped with state-of-the-art production facilities, backed by in house R&D. These portable engines are produced in the range of 4 – 11 HP and find applications in automotive, marine, industrial and other uses. Greaves client list includes some of the leading 3-wheeler manufacturers in the country.

Greaves has also recently forayed into the manufacture of twin cylinder engines for various applications such as four-wheeled low cost commercial vehicles, gensets and construction equipment.

Greaves, a Rs. 1350 crore, multi-product, multi-locational company is one of the leading engineering companies in India, with core competencies in diesel / petrol engines and infrastructure equipment. The Company sustains its leadership through ten manufacturing units which produce world class products backed by comprehensive marketing and service / parts network throughout the country.

Mr. Prabhakar Dev has taken over as Managing Director & CEO of Greaves Cotton Limited with effect from May 4, 2009.

Mr. Dev's role as Managing Director & CEO will entail overseeing the Company's operations and performance while guiding it to retain leadership position in engines and infrastructure equipment – the two core competencies of the Company. He will also provide impetus to the Company's ambitious growth plans.

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Seen with the award are (l to r): Mr. S. Johnson Gunasekar, Dy. General Manager - Quality Assurance, Light Engines Unit II, Mr. P. L. Ashokkumar, General Manager - Manufacturing, Light Engines Unit II, Mr. B. P. Jetty, Sr. Vice President - Manufacturing, BG III, Mr. D. Chakravarty, Group General Manager - Manufacturing, Light Engines Unit I, III & IV and Mr. A. D. Adiverekar, Dy. General Manager - Quality Assurance, Light Engines Unit I.

Greaves Light Engines Unit II, Ranipet was the proud recipient of the Gold Award (Auto Ancillary category) at the recently organized Frost & Sullivan ‘India Manufacturing Excellence Awards 2008’ in Bangalore. The award in its fifth year in India is to acknowledge the manufacturing companies for their excellence and global competitiveness. Also, Greaves Light Engines Unit I has received the Certificate of Merit in the Gold category. The award’s strength lies in its unique Site Assessment Methodology and is examined on 12 factors, such as Layout and Material Handling Systems (MHS), Focus on Customers, Orderliness, Safety & Environment, Supply Chain, Inventory Management, Visual Management and Innovation etc. that capture excellence on cost, quality and delivery. 12 Companies were short-listed out of over 170 participants for presenting their Best Practices in the final round of the competition. Light Engines Unit II was selected to make a presentation on 'Visual Display and Controls Systems at Shop Floor'. This award is a recognition of excellent manufacturing standards followed by the Greaves light engines plants and puts us in the company of a select few industrial houses who have won such an award. Greaves is among the largest independent manufacturers of single cylinder diesel engines in the world.

September 24, 2008 : Greaves Cotton Limited, one of India’s leading engineering companies, today inaugurated a new manufacturing facility for agro equipment at Gummidipoondi, Tamil Nadu. This is the fourth unit of the Company in Gummidipoondi, making it a major manufacturing hub for Greaves Cotton. The Company already has 3 other factories dedicated to the manufacture of concreting and road making equipment for the infrastructure sector.

The new plant was inaugurated by the Company’s Managing Director & CEO Mr. P. Sachdev. The plant, located on a sprawling 4 acre area, will be the new manufacturing base for Greaves agro equipment and will produce petrol/ kerosene engines and other products which were hitherto being manufactured at Thoraipakkam in Chennai.

Speaking on the occasion, Mr. P. Sachdev said “India is an agri-dominated economy and Greaves contribution to farm mechanization dates back to over 5 decades. It is our constant endeavour to provide the Indian farmer modern machinery to help enhance farm productivity at an affordable price”.

The plant, set up with an investment of Rs. 15 Crores, is equipped with modern CNC machines to give cutting edge quality to various equipment being manufactured such as petrol / kerosene engines and pumpsets (1.0 hp to 5.0 hp), portable gensets (900 VA to 2800 VA) etc.

With an annual sale of around 90,000 portable agricultural pumpsets, Greaves agro equipment already commands majority share of the market in this segment. The Greaves brand of power tillers marketed by the Group have also shown quantum growth in sale over the past few years. A vast countrywide network of around 700 Dealers ensures a strong spares and service back-up for Greaves agri products, anytime, anywhere.

Plans are on the anvil to further strengthen the rapidly growing business of this Group with the launch of mini agri equipment such as brush cutters, roto tilling machines, reapers, harvester, rice planter etc. in the near future. Greaves will also continue its thrust on export markets such as Africa, SAARC and South East Asian countries.

Greaves, a Rs. 1350 crore, multi-product, multi-locational company is one of the leading engineering companies in India, with core competencies in diesel / petrol engines and infrastructure equipment. The company sustains its leadership through ten manufacturing units which produce world class products backed by comprehensive marketing and service / parts network throughout the country.

April 18, 2008 : Greaves Cotton Limited, one of India’s leading engineering companies, today inaugurated a new manufacturing Plant for road compaction equipment in Gummidipoondi, Tamil Nadu. A Training centre was also opened.

The facilities were inaugurated by the Company’s Chairman, Mr. Karan Thapar. The newly opened plant is the fourth manufacturing unit of the Company’s Infrastructure Equipment Group. The new facility will complement the existing unit and enable the Company to enhance its production capacity from 600 to 1200 compaction machines per annum.

The company also announced the signing of technical collaboration agreement with Bomag GmbH, Germany to manufacture the latest generation 19 ton vibratory soil compactors in India. This model will now meet the growing demand from contractors involved in BOT road projects, airports, dam and irrigation projects and will facilitate faster completion of compaction jobs. Bomag is the world’s No. 1 manufacturer of complete range of compaction equipment and has had a successful and exclusive relationship with Greaves for twenty years.

Speaking on the occasion, Mr. Karan Thapar, Chairman said “Infrastructure development is a vital ingredient for sustainable economic growth in the country. Greaves is playing a key role in this endeavour by offering world-class equipment for both compaction and concreting segments. The opening of the new factory is one more step in that direction”.

Driving the new manufacturing facility is a team of seasoned professionals whose cutting-edge engineering skills and pioneering experience come together to offer world-class equipment for the Indian infrastructure industry.

Greaves is a leading manufacturer and supplier of construction equipment such as Transit Mixers, Vibratory Compactors, Tandem Rollers, Batching Plants, and Concrete Pumps for modern construction projects. These products apart from being superior in technology and performance are cost effective and easy to maintain.

Mr. P. Sachdev, Managing Director & CEO said “We are aggressively focusing on the booming infrastructure sector. High quality products backed by countrywide service network enable Greaves to maintain its leadership position in this business. We are very pleased with our long lasting and enduring relationship with a global leader like Bomag”.

In January 2007, Greaves had set up a new Plant to manufacture transit mixers. Greaves is the only manufacturer to make compaction and concreting equipment in the country.

The opening of the new training centre is yet another step in the Company’s quest for ‘Total Service Quality’. The training centre has full fledged training facilities to train operators and maintenance staff of customers as well as Company’s own engineers. This initiative will help in addressing the requirement of skilled manpower by the customers.

Over the past few years, Greaves has stepped its contribution to the infrastructure sector, by setting up four manufacturing units, for compaction and concreting equipment, which produce world class construction equipment. Greaves also has an extensive dealer network to cater to customer requirements throughout the country 24x7.

Greaves, a Rs. 1200 crore, multi-product, multi-locational company is one of the leading engineering companies in India, with core competencies in diesel / petrol engines and infrastructure equipment. The company sustains its leadership through ten manufacturing units which produce world class products backed by comprehensive marketing and service / parts network throughout the country.

For further information, please contact:
Mr. K. Sunil Kumar
Head – Infrastructure Equipment Group
Greaves Cotton Limited
Wavoo Mansion, 6th Floor
New No. 48 (Old No.39)
Rajaji Salai
Chennai 600 001.
Phone: 044 - 25230482

Mumbai, 22nd January 2008 : Piaggio Vehicles Private Limited(PVPL), the Piaggio Group’s Indian subsidiary, today signed an important long-term indices agreement with Greaves Cotton Limited (Greaves) for the supply of mono-cylinder diesel engines for application on the three-wheeled vehicles manufactured by PVPL.

Under the terms of the 8-year agreement, Greaves will continue to supply to PVPL the GL400 BSII mono-cylinder diesel engine currently used on the Ape vehicles, and starting from April 2010, in connection with the introduction of the new Bharat Stage III emissions regulations in India, it will supply to PVPL a new BSIII compliant mono-cylinder diesel engine being developed by Greaves.

The agreement is a mutually beneficial techno-commercial understanding leading to a strategic buying arrangement by PVPL. Consequently Greaves will continue to be a single source supplier of such mono-cylinder diesel engines for 3-wheeled vehicles manufactured by PVPL.

Mr. Ravi Chopra, Chairman & Managing Director of PVPL said that they enjoyed excellent business relationship with Greaves, and look forward to continued long term relationship, as hitherto.

Mr. P. Sachdev, Managing Director & CEO of Greaves said that for the past almost 10 years, Greaves catered to all the requirements of the mono-cylinder diesel engines for PVPL. He expressed hope that the business relationship with Piaggio Group will become even stronger, going forward.