CG Power Systems Indonesia is a wholly owned subsidiary of Avantha Group company CG Power and Industrial Solutions, formerly Crompton Greaves.
"CG Power Systems Indonesia has bagged an order from ... PT PLN (Persero) for manufacturing and supply of 64 units of power transformers valued at $55 million," the company said.
"This project is the first of its kind to be funded by the Islamic Development Bank to support PLN's ambitious goal to enhance its transmission grid performance," it added.
CG Power said it will complete the supplies against the order by December 2018.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
