… Company focuses on Multi-Dimensional Growth Strategy…
Records improved EBITA, Declares 25% final dividend

Mumbai, April 30, 2013: Greaves Cotton Limited, one of India's leading engineering companies reported Net Sales of Rs.495.8 Crore for the quarter ended 31st March 2013 as against Rs.445.4 Crore for the corresponding period last year; a rise of 11.3%. During the three month period, the company reported Net Profit of Rs.38.5 Crore.

The Company declared a final dividend of 25% or, Rs.0.50 on a face value Rs. 2/-. Following this full and final dividend the total dividend for the fiscal including interim dividend stood at 80% or, Rs 1.60.

The EBIDTA margin for the quarter stood at 12.8%.

For the full year, the Company registered Net Sales of Rs.1873.3 Crore as against Rs. 1753.4 Crore during the year-ago period a rise of 6.8%. Net profit for the year was at Rs. 138.0 Crore as against Rs. 185.5 Crore. It should be stated that the Company had an advantage of exceptional income of Rs 43.3 Crore during Q4 and FY 11-12. The net exceptional gain comprised of sale of land and building Rs 77.8 crores and provision for obsolescence and utility and impairment of investment Rs 20.3 crores and Rs. 14.2 crores respectively.

The company reported EPS of Rs 5.65 during the financial year 2012-13.

Greaves Automotive Engine Business has been a key contributor to the growth story. The strategy of product shift to the emerging four wheeled small commercial vehicles industry, with regular supplies to Tata Motors’s Ace Zip and Magic Iris, from the traditional three wheeled segment has been welcomed by the industry and customers alike. This apart, addition of new customer Vibgyor Vehicles Ltd, part of Vibgyor Group and entering a long standing agreement of seven year supply to Atul Auto have been initiatives to ensure smooth and efficient supplies across the year. The Power business has recorded reasonable growth in spite of the prevailing diffidence in the market place. Farm Equipment business will focus on newer products as part of its growth plan to improve its present market share.

The Construction Equipment business has shown signs of recovery. The approach of expanding product range by adding relevant products through technological transfer from SAMIL, Korea, has been a key to this recovery. The recovery has been supported by the overall performance of the construction equipment industry and Greaves has improved its market share.

Greaves Cotton has consciously worked on consolidating the Aftermarket vertical in order to partner with its customers in co-creating demand. The Company has a focused Aftermarket vertical that caters to the products and spares across businesses with the objective of providing minimum down time to any Greaves product.

Commenting on the company's performance during the year, Mr. Sunil Pahilajani, MD & CEO, said: "All our businesses are intrinsically woven with the growth of the key sectors of the Indian economy. In spite of the turbulent economic backdrop we have been able to deliver growth. As an organisation we remain performance driven and customer centric. We are confident that clear focus on our multi- dimensional growth strategy through expansion of product portfolio, expansion of markets and expansion of geographies will translate into sustainable and profitable growth. We as a Company have invested significant efforts and resources to streamline systems and processes, both internally and externally. This we believe will lead itself to efficient and continuous improvements in product development and customer delight which in turn will usher innovation and value creation."

About Greaves Cotton

Greaves Cotton Limited, a Rs. 1,900 crore, multi-product, multi-locational company is one of the leading engineering companies in India with core competencies in diesel / petrol engines, gensets and construction 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:
Ms. Mrunalini Havaldar
Adfactors PR Pvt. Ltd.
Email: mrunalini.havaldar@adfactorspr.com, mrunalini.h@gmail.com
Mobile: 99300 59844

Ms. Bhavna Singh
Associate General Manager - Corporate Communications
Greaves Cotton Limited, Mumbai
Email: bhavna.singh@greavescotton.com
Tel: 022 - 24397626
Website: www.greavescotton.com

…Forays into the mini- tractor 11-12 HP range
Adds new products to augment Farm Equipment product portfolio….

Valsad, Gujarat, April 15, 2013: Greaves Farm Equipment Business, part of Greaves Cotton Limited, one of India's leading engineering companies, today launched its first –ever, compact, mini - tractor, ‘Ustad’. Greaves Ustad is present in the 11-12 HP range of entry level tractors and caters to a land holding size of 3-5 acres. This smart working mini - tractor comes with a variety of unique features. Designed primarily for farming operations, Ustad lends itself to multiple operations such as haulage, cultivator, seed drill, pesticide sprayer, rotavator etc.

Greaves Ustad is fitted with an emission compliant, easy to service, economical and fuel-efficient Greaves G 600 W II engine with a Low Diesel consumption of 1 lit./ hr. The 4 stroke direct injection single cylinder engine offers a Maximum torque of 32 NM.

Greaves Ustad features forward - reverse with eight forward and two reverse gears, completely sealed water proof mechanical brakes and a pawl and ratchet type locking arrangement as a standard fitment. Ustad comes with a combination of synchromesh, constant and sliding mesh gear shifting with epicyclical planetary reduction gear that is suited for all agricultural operations and haulage.

Ustad presents a three point linkage allowing for attachment of various implements like plough, cultivator, and harrow seed drill and for movement of implements.

Speaking at the launch, Mr. Sunil Pahilajani, MD & CEO, said, “The launch of Greaves Ustad is a testimony of our continuous focus on new product development and innovation. It symbolizes our commitment of providing the farming community a value for money product backed by a strong after market support.”

“Our foray into the tractor segment completes the wide range of existing farm offerings. Greaves Ustad is a smart mini- tractor option available in the entry level 11 HP range. Farmers can now avail of a fuel efficient, easily maneuverable mini- tractor that can perform multi tasks. Fuel efficient features and advanced ergonomic design provide farmers a comfortable driving experience coupled with functional superiority”, said Mr. C.M. Ashok Muni, CEO, Farm Equipment Business. He added, “Our endevour is to provide agricultural products that suit the Indian soil condition and crop pattern. The newly launched Greaves Power Weeder and Paddy Weeder have received a positive response in the market. We are confident that Ustad will also help in further improving the lives of farmers through mechanized farming.”

About Farm Equipment Business

Greaves Farm Equipment Business is one of the largest suppliers of portable pumpsets in India. Aimed at providing happy and faster harvesting experience, the business offers multiple solutions with fuel variants, power variants and price variants to suit the farming requirements, Indian soil type and crop pattern. As a single source for farm mechanization equipment covering every stage of agriculture, the product offerings include petrol/kerosene engines and pumpsets, diesel pumpsets, power tillers, paddy transplanters, brush cutters, power reapers, power sprayers and mini combined harvesters. The manufacturing facility is located at Gummudipoondi, Chennai, Tamil Nadu

About Greaves Cotton

Greaves Cotton Limited, a Rs. 1800 crore, multi-product, multi-locational company is one of the leading engineering companies in India with core competencies in diesel / petrol engines, gensets and construction 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:
Ms. Mrunalini Havaldar
Adfactors PR Pvt. Ltd.
Email: mrunalini.havaldar@adfactorspr.com, mrunalini.h@gmail.com
Mobile: 99300 59844

Ms. Bhavna Singh
Associate General Manager - Corporate Communications
Greaves Cotton Limited, Mumbai
Email: bhavna.singh@greavescotton.com
Tel: 022 - 24397626
Website: www.greavescotton.com

Quarterly sales of Rs 515.8.Crores for Q3 FY13, a rise of 10.9% over Q3 FY12.
EBITDA at Rs71.7Crores for Q3 FY13, a rise of 24.2% over Q3 FY12

Mumbai, January 30, 2013: Greaves Cotton Limited, one of India's leading engineering companies reported higher revenue at Rs 515.8 Crores for the quarter ended 31st December 2012 as against Rs 465.1 Crores for the corresponding quarter last year (an increase of 10.9%). EBITDA was Rs 71.7 Crores as against Rs 57.7 Crores, for the same period last year. Profit After Tax (PAT) after exceptional item of provision for diminution in value of investment in its subsidiary amounting to Rs 14.2 Crores was Rs 34.4 Crores as against Rs 34.2 Crores, for the same period last year. The Company has declared third interim dividend of 20% equivalent to Rs. 0.40 per Equity Share of face value of Rs. 2/- each.

Commenting on the performance, Mr. Sunil Pahilajani, MD & CEO, said, "The revival of overall business health with signs of gradual recovery of the economy has helped Greaves record an increase in top line, this quarter. Our specific emphasis on cost optimisation has resulted in cost efficiencies and has helped control material costs effectively. On the business front, increased demand for our engines for small four wheelers along with our keen customer focus, attributed to the Greaves Automotive Engine business contributing to the increase in top line".

During the quarter under review, Greaves Construction Equipment Business augmented its product portfolio with new product introductions. Mr. Pahilajani added, "Though the Construction business as a whole is yet to recover, our sale of new products and road equipment in particular, has been encouraging. Going forward, we are confident that our enhanced product portfolio will match market demands and customer expectations, alike."

About Greaves Cotton

Greaves Cotton Limited, a Rs. 1800 crore, multi-product, multi-locational company is one of the leading engineering companies in India with core competencies in diesel / petrol engines, gensets and construction 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:
Ms. Mrunalini Havaldar
Adfactors PR Pvt. Ltd.
Email: mrunalini.havaldar@adfactorspr.com, mrunalini.h@gmail.com
Mobile: 99300 59844

Ms. Bhavna Singh
Associate General Manager - Corporate Communications
Greaves Cotton Limited, Mumbai
Email: bhavna.singh@greavescotton.com
Tel: 022 - 24397626
Website: www.greavescotton.com

Greaves Cotton achieves quarterly sales of Rs. 450.1 Crores for Q2 FY13, a rise of 2.2 % over Q2 FY12.

Greaves Cotton Limited, one of India's leading engineering companies reported higher revenue at Rs. 450.1 Crores for the quarter ended 30th September 2012 as against Rs. 440.4 Crores for the corresponding quarter last year (an increase of 2.2%). The Profit After Tax (PAT) was Rs. 33.6 Crores as against Rs.38.6 Crores, for the same period last year.

A demanding business scenario with decelerating GDP growth, high inflation and interest rates posed challenges in the quarter under review. However, a few positive upturns in the economy have ushered in signs of recovery.

Commenting on the performance, Mr. Sunil Pahilajani, MD & CEO, said, "Weathering tough times, we at Greaves Cotton have recorded a marginal increase in top line, this quarter. The slow but optimistic developments in the automotive sector have been reflective in our engines sales and have contributed to a marginal increase in top line. Combined with Growth and Innovation, our focus continues to remain customer centric. As an organization we have embarked on certain initiatives towards costs optimization which are slowly delivering results. We are confident that some of these initiatives will help improve efficiencies and in turn reap future benefits".

During the quarter under review, Greaves Automotive Business entered into a Long Term Supply Agreement with Atul Auto Limited for supply of diesel engines for their 3 wheeled diesel vehicles, for a period of seven years. Currently, Greaves engines power Atul Smart, Atul Shakti and Atul Gem vehicles plying across the country.

About Greaves Cotton

Greaves Cotton Limited, a Rs. 1800 crore, multi-product, multi-locational company is one of the leading engineering companies in India with core competencies in diesel / petrol engines, gensets and construction equipment. The Company sustains its leadership through eleven manufacturing units which produce world class products backed by comprehensive marketing and service / parts network throughout the country.

For further information, please contact:
Ms. Mrunalini Havaldar
Adfactors PR Pvt. Ltd.
Email: mrunalini.havaldar@adfactorspr.com, mrunalini.h@gmail.com
Mobile: 99300 59844

Ms. Bhavna Singh
Associate General Manager - Corporate Communications
Greaves Cotton Limited, Mumbai
Email: bhavna.singh@greavescotton.com
Tel: 022 - 24397626
Website: www.greavescotton.com

Greaves Cotton achieves quarterly sales of Rs.412 Crores for Q1 FY13, a rise of 2.3% over Q1 FY12.

Greaves Cotton Limited, one of India's leading engineering companies reported higher revenue at 412 Crores for the quarter ended 30th June 2012 as against 403 Crores for the corresponding quarter last year (an increase of 2.3%). The Profit After Tax (PAT) was Rs 32 Crores as against Rs 35 Crores, for the same period last year.

The business environment, during the quarter under review, was challenging. Unfavourable macroeconomic environment such as decelerating GDP growth, high inflation and interest rates leading to decline in consumption growth as well as investment growth dampened business sentiments across the country.

Commenting on the current business scenario, Mr. Sunil Pahilajani, MD & CEO, said, "Though the business scenario at the moment is anything but cheerful, we at Greaves Cotton have recorded a marginal increase in top line. While all our businesses spanning across Construction, Agriculture, Transportation, Power and Industrial applications are intrinsically woven around the economy, we do believe that our focus continues to remain finding innovative solutions for our customers and building on opportunities available. Hence we have been embarking on certain initiatives on developing markets, revamping Aftermarket services and other Organizational development initiatives to ensure that we remain focused and deliver highest levels of quality and services to our customers. We believe that these initiatives will fructify in future and are expected to improve productivity and deliver positive results in time to come."

During the quarter under review, Greaves Construction Equipment Business concluded the technology transfer with Samil Industries Ltd, Korea for technologically superior products to be offered in India. The products should be available towards end of the fiscal. Greaves Automotive Engine Business was awarded the prestigious "Excellence in Delivery" Award from reputed auto major, Tata Motors for meeting the demand for engines for Ace Zip and Magic Iris.

About Greaves Cotton

Greaves Cotton Limited, a Rs. 1800 crore, multi-product, multi-locational company is one of the leading engineering companies in India with core competencies in diesel / petrol engines, gensets and construction equipment. The Company sustains its leadership through eleven manufacturing units which produce world class products backed by comprehensive marketing and service / parts network throughout the country.

For further information, please contact:
Ms. Mrunalini Havaldar
Adfactors PR Pvt. Ltd.
Email: mrunalini.havaldar@adfactorspr.com, mrunalini.h@gmail.com
Mobile: 99300 59844

Ms. Bhavna Singh
Associate General Manager - Corporate Communications
Greaves Cotton Limited, Mumbai
Email: bhavna.singh@greavescotton.com
Tel: 022 - 24397626
Website: www.greavescotton.com

Greaves Automotive Engines Business, part of Greaves Cotton Limited, one of India's leading engineering companies, has entered into a Long Term Supply Agreement with Atul Auto Limited for supply of diesel engines for their 3 wheeled diesel vehicles. The Agreement comes into force with immediate effect and is for a period of seven years. Currently, Greaves engines power Atul Smart, Atul Shakti and Atul Gem vehicles plying across the country.

Mr. Sanjiv Kumar, CEO - Automotive Engines Business, said "Greaves engines have been driving vehicles from the Atul Auto stable for almost three decades. This Agreement has reposed faith in each other and strengthened the business relationship further. With a customer focused approach, we believe that our technologically superior engines backed by a strong after market network will compliment Atul Auto's business plans and will together help grow the business."

Mr. JJ Chandra, CMD, Atul Auto added, "We enjoy a long standing relationship with Greaves and they continue to be our preferred choice of engine suppliers. Their understanding of customer requirements, commitment to quality and highest service levels have catalysed and indeed partnered our growth. With emerging categories in the auto segment we believe that new vehicle platforms can be developed faster and more time efficiently with a partner we can trust."

Greaves Automotive Engines Business has a wide portfolio in automotive engines and in single cylinder engines they are among the largest independent manufacturers with a production of over 4.5 lakh engines annually. These eco-friendly light diesel engines are supplied to major automotive players like Piaggio, M&M, Tata Motors, Scooters India among others.

The Company's manufacturing units, located at Ranipet in Tamil Nadu and Aurangabad in Maharashtra, are ISO/TS 16949 certified. The plants at both the locations are equipped with world class manufacturing facilities. The company's state-of-the-art Technology Centre is located at Aurangabad. The automotive diesel engines are also available for adaptation on CNG/LPG usage. Greaves Cotton has an excellent after-market product support infrastructure throughout India with a countrywide network of offices and over 1200 authorised dealers.

About the company

Greaves Cotton Limited, a Rs. 1800 crore, multi-product, multi-location company is one of the leading engineering companies in India with core competencies in diesel / petrol engines, gensets and construction equipment. The Company sustains its leadership through eleven manufacturing units which produce world class products backed by comprehensive marketing and service / parts network throughout the country.

For further information, please contact:
Ms. Bhavna Singh
Associate General Manager - Corporate Communications
Greaves Cotton Limited, Mumbai
Email: bhavna.singh@greavescotton.com
Tel: 022 - 24397626
Website: www.greavescotton.com

Recognition for Automotive Division for ensuring timely delivery of auto engines

Greaves Automotive division, part of Greaves Cotton Limited, one of India's leading engineering companies, won the award for Excellence in Delivery from reputed auto major, Tata Motors at the Tata Motors Vendors' Meet 2012 held in Pune on June 04, 2012. Ramping up volumes for meeting the demand for engines for Ace Zip and Magic Iris, Greaves Automotive Division exceeded customer expectations and responded efficiently to the requirements from Tata Motors.

Commenting on the win, Mr. Sanjiv Kumar, CEO - Automotive Division, said "Coming from the Tata Motors stable, this award is recognition of our manufacturing prowess and high levels of delivery and adherence to stringent time schedules. In its continuous efforts to respond to market demands, Greaves Automotive Division is now focusing on the 4 wheel small commercial vehicle (SCV) segment through its technologically superior product offerings and a strong after market network."

Greaves Automotive Division has a wide portfolio in automotive engines and in single cylinder engines they are among the largest independent manufacturers with a production of over 4.5 lakh engines annually. These light diesel engines, which are eco-friendly and conform to BS - III norms, are supplied to major automotive players like Piaggio, M&M, Tata Motors, Scooters India among others.

The Company's manufacturing units, located at Ranipet in Tamil Nadu and Aurangabad in Maharashtra, are ISO/TS 14649 certified. The plants at both the locations are equipped with world class manufacturing facilities. The company's state-of-the-art Technology Centre is located at Aurangabad. The automotive diesel engines are also available for adaptation on CNG/LPG usage. Greaves Cotton has an excellent after-market product support infrastructure throughout India with a countrywide network of offices and over 400 authorised dealers.

About the company
Greaves Cotton Limited, a Rs. 1700 crore, multi-product, multi-locational company is one of the leading engineering companies in India with core competencies in diesel / petrol engines, gensets and construction equipment. The Company sustains its leadership through eleven manufacturing units which produce world class products backed by comprehensive marketing and service / parts network throughout the country.

For further information, please contact:
Ms. Bhavna Singh
Associate General Manager - Corporate Communications
Greaves Cotton Limited, Mumbai
Email: bhavna.singh@greavescotton.com
Tel: 022 - 24397626
Website: www.greavescotton.com

Greaves Cotton Limited, one of India's leading engineering companies reported a rise of 66% in Net Profit at Rs. 78 Crore in the quarter ended March 31, 2012 as against Rs. 47 Crore, in the same period of last fiscal. Net Sales for the period stood Rs. 445 Crore as against Rs. 454 Crore for the corresponding period last year. The Company declared a final dividend of 10% or, Rs.0.20 on a face value Rs. 2/-. Following this full and final dividend the total dividend for the fiscal including interim dividend stood at 110% or, Rs. 2.20, on a face value of Rs.2/-.

The EBIDTA margin for the quarter stood at 13.5% as against 14.5 % reported in Q4FY11.

For the full year, the company registered Net Sales of Rs. 1753 Crore as against Rs. 1600 Crore during the year-ago period a rise of 9.6%. Net profit for the year was at Rs. 185 Crore as against Rs. 155 Crore, an increase of 19.4 %. The company reported EPS of Rs. 7.60 as against Rs. 6.35 in the same period of last fiscal. The Company had an advantage of exceptional income of Rs.43 Crore during Q4 and FY 2011-12. This comprised of profit from sale of land and building Rs.77 Crore and provisions for obsolescence of inventory and diminution in value of investment, Rs. 20 Crore and Rs.14 Crore respectively. The normalized PAT (without exceptional item) for Q4 and FY 2011-12 stood at Rs.37 Crore and Rs.144 Crore respectively.

Engineering and partnering India's growth story with strategic businesses in key sectors of the Indian economy, Greaves Cotton Limited endevours to leverage its strengths in R&D and product development to widen product range across businesses. Backed by strong manufacturing capabilities and well penetrated distribution network, the Company is seeking a customer centric approach by providing best-in-class quality and service levels to customers.

Commenting on the company's performance during the year, Mr. Sunil Pahilajani, MD & CEO, said: "The business environment has been dynamic and has been constantly evolving. We as a Company have invested significant efforts and resources to streamline systems and processes in order to help deliver efficient results. We believe that this will help translate into sustainable and profitable growth for the organization. We remain performance driven and are confident that our focus on continued improvements in products and speed of response to the market will lend itself to innovation and value creation."

About Greaves Cotton
Greaves Cotton Limited, a Rs. 1800 crore, multi-product, multi-locational company is one of the leading engineering companies in India with core competencies in diesel / petrol engines, gensets and construction equipment. The Company sustains its leadership through eleven manufacturing units which produce world class products backed by comprehensive marketing and service / parts network throughout the country.

For further information, please contact:
Ms. Mrunalini Havaldar
Adfactors PR Pvt. Ltd.
Email: mrunalini.havaldar@adfactorspr.com, mrunalini.h@gmail.com
Mob: 99300 59844

Ms. Bhavna Singh
Associate General Manager - Corporate Communications
Greaves Cotton Limited, Mumbai
Email: bhavna.singh@greavescotton.com
Tel: 022 - 24397626

Website: www.greavescotton.com

In its endeavour to strengthen the Construction Equipment Division, Greaves Cotton Limited, one of India's leading engineering companies, is looking at growing from construction equipment business to that of becoming a comprehensive infrastructure player. Keeping in tune with this objective, the construction equipment division is embarking on key business initiatives including technology transfers and other streams of business like rentals to re-construct its current business model. The division is all set to tie-up with Samil Korea, for a technology transfer which will come into effect from Friday, April 27, 2012. This will result in technologically superior products being offered to the Indian market

Commenting on this, Mr. Sunil Pahilajani, MD & CEO said "Augmenting its growth strategy, the Construction Equipment Division is seeking to operate in the gamut of infrastructure, offering customers superior products and solutions. Being a solution provider we are constantly working on expanding our product portfolio so as to meet customer demands. The strong thrust provided by the Government to the construction and infrastructure sector has further catalysed our strategy. This tie-up is a positive step taken to ensure that our products are backed by world class technology that ultimately translate into increased customer benefit."

Added Mr. Ramachandran Nandagopal CEO, Construction Equipment Division, "In today's competitive environment, customers expect world class technology and service. We are seeking to revamp our existing product portfolio to offer a wide variety of products that deliver higher levels of customer satisfaction. By ushering in best-in-class technology, we endeavour to build a robust contemporary product basket and aim to be a one stop solution for our customers."

Greaves Construction equipment division manufactures wide range of Compaction and Concreting equipment. The complete range of concrete equipment like Transit Mixers, Concrete Pumps, Batching Plants, etc. are manufactured at the Company's ISO 9001 certified Plants at Gummidipoondi(Tamil Nadu). The division also manufactures the complete range of compaction equipment like Vibratory Soil Compactors, Heavy Tandem Rollers, Light tandem Rollers at Gummidipoondi.

Greaves construction equipment is mainly used for construction of roads, bridges, buildings, ready mix concrete applications, etc. Greaves caters to the service and spare parts requirement of customers through their large network of qualified and trained service engineers located a various branches and dealerships

About the company
Greaves Cotton Limited, a Rs. 1700 crore, multi-product, multi-locational company is one of the leading engineering companies in India with core competencies in diesel / petrol engines, gensets and construction equipment. The Company sustains its leadership through eleven manufacturing units which produce world class products backed by comprehensive marketing and service / parts network throughout the country.

For further information, please contact:
Ms. Bhavna Singh
Associate General Manager - Corporate Communications
Greaves Cotton Limited, Mumbai
Tel: 022 - 24397626
Email: bhavna.singh@greavescotton.com
Website: www.greavescotton.com

Greaves Cotton Limited, one of India's leading engineering companies, achieved a major milestone on February 17, 2012, with the roll-out of the 3 millionth light diesel engine. The Company's MD & CEO, Mr. Sunil Pahilajani, rolled out the engine at the Aurangabad facility. In December 2004, Greaves Cotton had reached the millionth light diesel engine mark followed by the second million in just 4 ½ years in May 2009. The 3 millionth engine roll-out marks the fastest and comes in less than 3 years.

Commenting on this milestone, Mr. Sunil Pahilajani, MD & CEO, said "Greaves Cotton's customer centric approach with ability to adapt to evolving market dynamics has made it a formidable player in the light engines business. Our growing presence in the 4 wheeler Small Commercial vehicles (SCV) market is a testimony to our strong in-house R&D and manufacturing capabilities, I am confident that the next million landmark will be even quicker."

Greaves auto engines are a preferred choice of leading auto manufacturers such as Piaggio, Tata Motors, Mahindra & Mahindra, Atul Auto, amongst others. In addition to the 4 wheeled SCV segment, Greaves engines cater to tractors and a range of off-road applications.

Greaves Cotton has a dedicated Technology Centre which designs and develops proprietary technology eco-friendly diesel engines for automotive and other applications. The Company's manufacturing plants are equipped with state-of-the-art facilities, making it a name to reckon with in the automotive industry. The light diesel engines are produced in the range of 4 - 20 HP and find wide applications in automotive, marine, industrial and other uses.

Greaves Cotton, a Rs. 1700 crore, multi-product, multi-location company is one of the leading engineering companies in India with core competencies in diesel / petrol engines, gensets and construction equipment. The Company sustains its leadership through eleven manufacturing units which produce world class products backed by comprehensive marketing and service / parts network throughout the country.

For further information, please contact:
Mr. Thomas Furtado
Advisor - Corporate Communications and Marketing Services
Greaves Cotton Limited, Mumbai
Tel: 022 - 24397616
Email: thomas.furtado@greavescotton.com
Website: www.greavescotton.com

• Greaves Cotton achieves quarterly sales of Rs. 464 Crores for Q3 FY11, a rise of 11%over Q3 FY10.
• Declares Interim Dividend of 20%

Greaves Cotton Limited, one of India's leading engineering companies, has reported higher revenue at Rs. 464 Crores for the quarter ended 31st December 2011 as against Rs. 419 Crores for the corresponding quarter last year (an increase of 11%). The Profit After Tax (PAT) was Rs. 34 Crores as against Rs. 44 Crores, for the same period last year. The Company has declared third interim dividend of 20% equivalent to Rs.0.40 per Equity Share of face value of Rs. 2/- each, taking the total interim dividend to 60% for the current financial year.

Financial performance for nine months ended 31st December 2011, has also shown growth in turnover. The turnover was Rs. 1,306 Crores as against Rs.1,145 Crores for the corresponding period last year, an increase of 14%, the PAT has remained at Rs.108 Crores.

The business environment, during the quarter under review, was challenging. Many economic indicators affected businesses at large, with high interest rates in particular impacting the construction equipment business.

The Company inaugurated its new state-of-the-art light engines unit at Aurangabad with a capacity of 87,000 engines. With this addition, the Company's total production capacity of light engines will go up to more than 3,75,000 per annum. The engines rolled out from the new facility are being supplied to manufacturers of Small Commercial Vehicles.

Mr. Sunil Pahilajani, MD & CEO, said, "The businesses of the Company are spread over key industry segments like automotive, agriculture, power and construction. Greaves Cotton's inherent strengths in manufacturing and technology coupled with a diverse product range augur well for growth, in future. The Company is making significant investments in areas such as product development, research, talent management, marketing and brand building. These are expected to improve productivity and deliver positive results in time to come."

Greaves Cotton, a Rs. 1,700 crore, multi-product, multi-locational company is one of the leading engineering companies in India with core competencies in diesel / petrol engines, gensets and construction equipment. The Company sustains its leadership through eleven manufacturing units which produce world class products backed by comprehensive marketing and service / parts network throughout the country.

For further information, please contact:
Mr. Thomas Furtado
Advisor - Corporate Communications and Marketing Services
Greaves Cotton Limited, Mumbai
Tel: 022 - 24397616
Email: thomas.furtado@greavescotton.com
Website: www.greavescotton.com

Mr. Sunil Pahilajani has been appointed as Managing Director & CEO Designate of Greaves Cotton Limited with effect from October 21, 2011. He will take over as MD & CEO from the present incumbent Mr. Prabhakar Dev who retires on November 4, 2011.

Mr. Pahilajani'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.

Prior to his new appointment by the Board, Mr. Pahilajani held the position of Chief Executive Officer Designate in the Company.

A Mechanical Engineer from IIT, Roorkee, Mr. Pahilajani's experience in providing dynamic, innovative and visionary leadership to enthuse, energise and create high performance, self propelled teams will be a vital asset to the organization as the company strives to continually raise the bar and achieve greater success in the years ahead. With 27 years of rich industry experience including top management positions, Mr. Pahilajani will lead a team of professional managers backed by an experienced workforce to deliver greater stakeholder value.

Greaves Cotton a Rs. 1700 crore multi-product, multi-locational company is one of the leading engineering companies in India with core competencies in Diesel / Petrol Engines, Gensets and Construction 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.

Photo caption: Mr. Sunil Pahilajani
For further information, please contact:
Mr. Thomas Furtado
Advisor - Corporate Communications and Marketing Services
Greaves Cotton Limited, Mumbai
Tel: 022 - 24397616
Email: thomas.furtado@greavescotton.com
Website: www.greavescotton.com

• Greaves Cotton achieves quarterly sales of Rs 439.57 crores for Q2 FY12, a rise of 16.2% over Q2 FY11.
• Operating profit (EBITDA) grows by 5.4% to Rs 63.08 crores.

Greaves Cotton Limited, one of India's leading engineering companies, has reported higher revenue at Rs.439.57 Crores for the quarter ended 30th September 2011 as against Rs.378.39 Crores for the corresponding quarter last year (an increase of 16.2%). The Profit After Tax (PAT) has increased to Rs.38.64 Crores as against Rs.36.27 Crores, for the corresponding quarter last year (a growth of 6.5%). The Company has declared second interim dividend of 20% equivalent to Rs. 0.40 per Equity Share of face value of Rs. 2/- each. Though, industry growth momentum is slowing down, the Company's Automotive Engines segment, which enjoys a formidable position in the market, showed good growth.

The new manufacturing facility for automotive engines was inaugurated on 19th October, 2011 by Mr. Karan Thapar, Chairman, Greaves Cotton Limited. The plant will have an initial capacity to manufacture 87000 engines per annum, to meet the industry demands. This unit will manufacture both single and twin cylinder engines and will help meet the growing demand for such engines from small commercial vehicle manufacturers.

Financial Highlights

Quarter Ended
In Rs. Lakhs	30.09.2011	30.09.2010	Growth %
Gross Sales	48152	41365	16.4
Net Sales	43917	37805	16.2
EBITDA	6308	5986	5.4
Net Profit	3864	3627	6.5
Cash Profit	4610	4307	7.0

About Greaves Cotton Limited
Greaves Cotton, a Rs. 1700 crore, multi-product, multi-locational company is one of the leading engineering companies in India 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.

For further information, please contact:
Mr. Thomas Furtado
Advisor - Corporate Communications and Marketing Services
Greaves Cotton Limited, Mumbai
Tel: 022 - 24397616
Email: thomas.furtado@greavescotton.com
Website: www.greavescotton.com

• The state-of-the-art facility to set new benchmarks in automotive engine manufacturing
• It's a green field project with an initial investment of more than 50 crores and a production capacity of 87000 engines per annum
• It incorporates host of green parameters like optimum use of daylight, energy conservation, rain water harvesting etc

Greaves Cotton Limited, one of India's leading engineering companies, today inaugurated its state-of-the-art green field plant in Shendra, Aurangabad in Maharashtra. The plant was inaugurated by Mr. Karan Thapar, Chairman, Greaves Cotton Ltd. A large gathering of employees was present on the occasion.

The Company has made an initial investment of over Rs 50 crores for the new plant. It will have an initial capacity to manufacture 87000 engines per annum, which will be eventually scaled up to meet the industry demand. This unit will manufacture both single and twin cylinder engines, meeting all contemporary emission norms, which will be primarily supplied to existing as well as new three and four wheeled small commercial vehicles manufacturers. Besides, these engines can also be used in generating sets, pumping sets, marine and host of other industrial and agricultural applications.

Greaves Cotton is among the world's largest manufacturers of single cylinder diesel engines. With the inauguration of the new plant, the Company's total production capacity of light engines will go up to more than 375000 per annum. Currently, over 80% of the diesel three wheelers in India are powered by Greaves engines and more than 2 million Greaves engines are already in the market powering small 3 and 4 wheeled commercial vehicles. Greaves Cotton is the supplier of choice for leading vehicle manufacturers like Piaggio, Mahindra & Mahindra, Tata Motors, Atul Auto, Scooters India and several others.

While inaugurating the new unit, Mr. Karan Thapar, Chairman, Greaves Cotton, said "Greaves Cotton has a longstanding association with the Aurangabad Industrial belt since the Company set up its first plant for manufacturing light weight internal combustion engines in Chikalthana way back in 1975." He further added, "With its superior technological processes, large-scale manufacturing set up and eco-friendly focus, the plant is a testimony to Greaves Cotton's vision to be a global leader in auto engines segment."

This manufacturing facility is among the most sophisticated ones for automotive engines in the country. It has a layout based on lean manufacturing system aimed at manufacturing excellence and optimizing all operating parameters.

The plant incorporates various eco features like optimum use of daylight, energy saving, rain water harvesting and soil conservation.

About Greaves Cotton Limited

Greaves Cotton (BSE: Greave, 501455; NSE: Greavescot) a Rs. 1700 crore multi-product, multi-locational company is one of the leading engineering companies in India with core competencies in Diesel / Petrol Engines, Gensets and Construction 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.

Photo caption: Greaves Cotton's new Light Engines factory at Shendra, Aurangabad
For further information, please contact:
Mr. Thomas Furtado
Advisor - Corporate Communications and Marketing Services
Greaves Cotton Limited, Mumbai
Tel: 022 - 24397616
Email: thomas.furtado@greavescotton.com
Website: www.greavescotton.com

• Greaves Cotton achieves quarterly sales of Rs 401.83 crores for Q1 FY12, a rise of 16% over Q1 FY11.
• Operating profit (EBITDA) grows by 25 % to Rs 56.98 crores.
• EBITDA margin improved by 110 basis point to 14%
• Profit after Tax (PAT) shows robust growth of 26% to Rs 34.95 crores.
• Profit after Tax margin improved by 71 basis points to 9%.
• Cash Profit depicts equally strong growth of 22 % to Rs 42.20 crores.

Greaves Cotton Limited, one of India's leading engineering companies, today announced its first quarter results. The company has recorded an impressive growth both in revenue and PAT. The Company reported higher revenue at Rs 401.86 Crores for the quarter ended 30^th June 2011 as against Rs 347.70 Crores for the corresponding quarter last year (an increase of 16%). The Profit after Tax (PAT) has increased to Rs 34.95 Crores as against Rs 27.77 Crores, over the same period last year (a quantum growth of 26 %).

Mr. Prabhakar Dev, Managing Director & CEO, said "Both our Engines and Infrastructure Equipment segments showed healthy performance on absolute as well as margin parameters. Our financial performance reflects Company's remarkable resilience and illustrates the benefits of concentrated organizational efforts over the past few years aimed at increasing stakeholder value"

He further added "We are confidently moving towards our growth objectives. Our new auto engine manufacturing unit with a production capacity of 80,000 units per year will go on stream shortly at Aurangabad."

Financial Highlights

Quarter Ended
In Rs. Lakhs	30.06.2011	30.06.2010	Growth %
Gross Sales	44130	37963	16
Net Sales	40183	34566	16
EBITDA	5698	4543	25
Net Profit	3495	2777	26
Cash Profit	4220	3460	22

About Greaves Cotton Limited
Greaves Cotton, a 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 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. Thomas Furtado
Advisor - Corporate Communications and Marketing Services
Greaves Cotton Limited, Mumbai
Tel: 022 - 24397616
Email: thomas.furtado@greavescotton.com
Website: www.greavescotton.com

Greaves Cotton Limited, one of India's leading engineering companies, has reported higher revenue of R 1250.47 crores for the financial year ended March 31, 2011 (9 months). The Profit Before Tax (PBT) and Profit After Tax (PAT) for the said period stood at Rs. 183.68 crores and Rs. 127.28 crores respectively. It may be noted that the Company has changed its financial year from July-June to April-March, with effect from July 1, 2010.

Dividend
The Company has declared final dividend of 35% equivalent to Rs. 0.70 per equity share of Rs. 2 each taking the total dividend to 75% or Rs. 1.50 per share of Rs. 2 each for the financial year 2010-11.

FY 2009-2010
For the corresponding period of nine months of the previous financial year, Greaves Cotton's revenue stood at Rs. 999.51 crores while Profit Before Tax (PBT) and Profit After tax (PAT) were at Rs. 133.71 crores and Rs. 90.20 crores respectively.

During the financial year 2009-10, the Company's turnover was Rs. 1347.21 crores whereas Profit before Tax and Profit after Tax were at Rs. 173.40 crores and Rs. 117.97 crores respectively.

Key Highlights for FY 2010-2011 (9 months)

• Recorded a substantial growth in turnover and profits on the back of strong performance of its various businesses.
• Engine business recorded a growth of 23% over corresponding period last year
• Construction Equipment Division achieved higher sales at Rs. 156 crores (up 43%)

About Greaves Cotton Limited
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. Rahul Rao
Manager - Marketing Services
Greaves Cotton Limited, Mumbai
Tel: 022 - 24397625
Email: rrao@greavesmail.com
Website: www.greavescotton.com
Mr. Madhur Sanghvi
Manager
Perfect Relations
Mob: 9833157760
Email: msanghvi@perfectrelations.com

Greaves Cotton (BSE: Greave, 501455; NSE: Greavescot) today launched a premium range of construction equipment for the infrastructure industry. With this launch, Greaves Cotton augments its already formidable presence with its wide range of products in the 3 segments of Concreting, Soil and Asphalt in the infrastructure equipment industry.

Greaves Cotton (CED - Construction Equipment Division) announced the launch of a range of world class, state-of-the-art-technology products here at BC India, 2011(A Bauma Conexpo show). The range includes:

• Milling Machines
• Paver
• Loader
• Twin Shaft Batching Plant

Greaves Cotton now brings to India the most advanced, state-of-art BOMAG Milling Machines. With features like Front Loading, Track Mount & Steering and Auto Control & Auto Engine power regulation; these machines are the latest technology in the road construction industry. These features enhance steering ability, load distribution, safety & operator convenience and efficiency resulting in precision finish of roads. The range comes in 1 to 2 metres and is backed by Greaves service and support assurance.

Also on offer is the Paver, this state-of-the-art equipment offers 9.2 metres of paving width and comes with enhanced screed features offering superior compaction, resulting in high quality finish and undulation effect on roads. The features in the Paver offers faster operation, better productivity, low and easy maintenance and operator comfort which is a hallmark of Bomag technology- World leaders in road construction equipment technology.

Continuing from its earlier range of loaders; Greaves now launches its 5T (ton) loader, extending its range from the already available 3T loader. This loader comes with components from world renowned manufacturers and is manufactured by Greaves technology. With ergonomically designed and fully air-conditioned operators' cabin as a standard feature coupled with brilliant enhanced features like single lever bucket operation and tilt steering column, this loader sets a new benchmark in this segment with operators comfort resulting in improved productivity and efficiency.

Complementing its existing range of batching plants, Greaves now brings the 60cbm Twin Shaft batching plant; an advanced global technology with twin shaft mixer technology offering a range of features for safety and enhanced productivity. This plant comes with a fully automatic software controlled operation and a rigid structure. With the promise of service and support round the clock, this world class technology product is low on maintenance. This product further establishes the leading position of Greaves Cotton along with its varied and wide range of batching plants, stationery & mobile concrete pumps and concrete mixers in the concreting segment of the construction equipment business.

"Greaves Cotton and BOMAG have had a long standing relationship and with these set of new product launches it enhances its presence in the construction equipment segment. With world class BOMAG technology, enhanced value additions, a formidable National Network with 24X7 anytime anywhere service and support; thus offering a triple benefit of Technology, Value and Reach to its customers", said a company spokesperson commenting on the occasion.

About Greaves Cotton Limited

Greaves Cotton (BSE: Greave, 501455; NSE: Greavescot) 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, 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.

About BOMAG

Based in Boppard, Germany, is the World's leading compaction manufacturer and is widely recognised as a provider of workable solutions for recycling asphalt, pavement and for soil stabilization. BOMAG's product line of machines for ground and asphalt compaction is broad and extensive from lightweight tampers to rollers weighing 3 to 25 tons; to landfill compact equipment weighing in at over 55 tons.

For Further information, please contact:
Mr. Thomas Furtado, Sr. General Manager - Marketing Services
Greaves Cotton Limited, Mumbai
Tel: 022 - 24397616
Email: tf@greavesmail.com
Website: www.greavescotton.com

Greaves Cotton Limited, one of India's leading engineering companies, has reported higher revenue at Rs. 419 Crores for the quarter ended 31st December 2010 as against Rs. 344 Crores for the corresponding quarter last year (an increase of 22%). The Profit After Tax (PAT) has increased to Rs. 44 Crores as against Rs. 33 Crores, for the corresponding quarter last year (a quantum growth of 36%). The Company has declared second interim dividend of 20% equivalent to Rs. 0.40 per Equity Share of face value of Rs. 2/- each, making the total interim dividend to 40% for the current financial year.

Both the business segments of the Company viz. engines and Construction Equipment have witnessed strong growth compared to the corresponding quarter last year. The Company has further reported that the construction activity of the new automotive engines plant at Aurangabad is in full swing. The plant will go on stream mid 2011 as announced earlier. It will have a capacity of 80,000 engines and will help meet the growing demand for such engines from small commercial vehicle manufacturers.

Greaves Cotton, 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, 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.

For Further information, please contact:
Mr. Thomas Furtado, Sr. General Manager - Marketing Services
Greaves Cotton Limited, Mumbai
Tel: 022 - 24397616
Email: tf@greavesmail.com
Website: www.greavescotton.com

Greaves Cotton Limited, one of India's leading engineering companies, has reported higher revenue at Rs. 378.39 Crores for the quarter ended 30th September 2010 as against Rs. 297.30 Crores for the corresponding quarter last year (an increase of 27.3%). The Profit After Tax (PAT) has increased to Rs. 36.27 Crores as against Rs. 23.90 Crores, for the corresponding quarter last year (a quantum growth of 51.8%).

During the quarter under review, the Company announced its plans to open yet another manufacturing facility for automotive engines. It will go on stream by mid 2011. Mr. Prabhakar Dev, Managing Director & CEO, Greaves Cotton Limited says "The new plant with the capacity of 80,000 engines per annum, will help meet the ever growing demand for such engines by small commercial vehicle manufacturers". Greaves Cotton already enjoys a strong position in auto engines segment catering to OEMs in both three and four wheeled commercial vehicles. The company also witnessed significant growth in its other businesses like auxiliary power, agro equipment and construction equipment.

Greaves Cotton, 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, 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.

For Further information, please contact:
Mr. Thomas Furtado, Sr. General Manager - Marketing Services
Greaves Cotton Limited, Mumbai
Tel: 022 - 24397616
Email: tf@greavesmail.com
Website: www.greavescotton.com

New Plant to produce 80,000 single and twin cylinder engines

Greaves Cotton Limited, one of India's leading engineering companies, is setting up a state-of-the-art greenfield plant in Shendra, an industrial area of Aurangabad in Maharashtra. The initial investment in the plant of Rs 60 crore will go upto Rs 100 crore in stages. The plant will have a capacity of 80000 engines per annum which will eventually be scaled up to meet industry demand. This unit will manufacture both single and twin cylinder engines, meeting all contemporary emission norms, which will be primarily supplied to existing as well as new three and four wheeled small commercial vehicles manufacturers. These vehicles are normally owner driven and generate immense potential for self employment.

With an annual production of over 3 lac engines, Greaves Cotton is among the world's largest manufacturers of single cylinder diesel engines. Over 80% of the diesel three wheelers in India are powered by Greaves engines and more than 2 million Greaves engines are already in the market powering small 3 and 4 wheeled commercial vehicles.

The foundation stone for the new plant was laid by Shri. Rajendra Darda, Industries Minister of Maharashtra on Sunday August 22, 2010. It is expected to go on stream by end of FY2011. Many dignitaries from industries and government bodies attended the event. A large number of Company employees were also present. The minister complimented Greaves Cotton for its contribution to industrialisation of Aurangabad region and Maharashtra.

The setting up of this additional facility will enable Greaves Cotton to capitalise on the huge growth potential seen in the automotive engines business particularly for three and four wheeled small commercial vehicles which are extensively used in the 'last mile' transportation segment in the country.

Beside its manufacturing units, Greaves Cotton also has a state-of-the-art Technology Centre in Aurangabad which is engaged in design and development of engines.

Greaves Cotton, 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, 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.

For Further information, please contact:
Mr. Thomas Furtado, Group General Manager
Marketing Services
Greaves Cotton Limited, Mumbai
Tel: 022 - 24397616
Email: tf@greavesmail.com
Website: www.greavescotton.com

• Company Announces Stock split in the ratio of 1 : 5
• Declares 30% Final Dividend. In addition, a special dividend of 75% to commemorate 150 years of the Company. Total dividend for the year is 150%.

Greaves Cotton Limited, one of India's leading engineering companies, has reported a higher revenue at Rs. 1347.21 crores for the financial year ended June 30, 2010 as against Rs 1040.80 crore for the year ended June 2009. The Profit Before Tax (PBT) and Profit After Tax (PAT) for the year have gone up to Rs. 173.40 crore and Rs. 117.97 crore as against Rs. 79.87 crore and Rs. 56.00 crore respectively for the previous year. The Company has declared final dividend of 30% equivalent to Rs 3 per equity share and a special dividend of 75% or Rs. 7.5 per share to commemorate 150 years of the Company, taking the total dividend to 150 % or Rs 15 per share for the financial year 2009-10.

The improved performance is a result of the Company's initiatives in strengthening its product portfolio and coming up with technological innovations especially in the field of automotive engines. The Automotive Engines segment, where the Company enjoys a formidable position in the market, showed robust growth driven by a strong demand during the year. Other businesses like agro engines, auxiliary power equipment and construction equipment also showed substantial growth over the previous year.

The Board of Directors has also approved a proposal for stock split in order to enable wider retail investor participation in the Company. The board approved a proposal to divide shares with a face value of Rs 10 each to 5 shares of Rs 2 each.

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
Email: tf@greavesmail.com
Website: www.greavescotton.com

Engine segment shows impressive growth

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

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

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.

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.

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.

read more

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.

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.

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

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.