Who wrote this article?

Aakash Agarwal, Capitalmind's research team.

What topics does this article cover?

Citigroup Global Markets, Deutsche Securities

Citigroup Global Markets sells stake in Voltamp Transformers

21 Apr 2016Aakash Agarwal1 min read

Quick Facts

What is "Citigroup Global Markets sells stake in Voltamp Transformers" about?
What category is this article in?: Stocks
Who wrote this article?: Aakash Agarwal, Capitalmind's research team.
When was this article published?: Published 21 April 2016.
How long does this article take to read?: 1 min read
What topics does this article cover?: Citigroup Global Markets, Deutsche Securities
What does the "[Voltamp Transformers](http://snap.capitalmind.in/#/nse/VOLTAMP)" section say?: The Company has installed facility to manufacture Oil filled Power and Distribution Transformers up to 160MVA, 220kV Class, Resin Impregnated Dry type Transformers up to 5 MVA, 11KV Class (In Technical collaboration with MORA, Germany) and Cast Resin Dry type Transformers up to 12.5 MVA, 33 KV Class (In Technical collaboration with HTT, Germany).
What does the "Disclaimer" section say?: Nothing in this newsletter is financial advice and should not be construed as such. Please do not take trading decisions based solely on the matter above; if you do, it is entirely at your own risk without any liability to Capital Mind. This is educational or informational matter only, and is provided as an opinion.

Voltamp Transformers

The Company has installed facility to manufacture Oil filled Power and Distribution Transformers up to 160MVA, 220kV Class, Resin Impregnated Dry type Transformers up to 5 MVA, 11KV Class (In Technical collaboration with MORA, Germany) and Cast Resin Dry type Transformers up to 12.5 MVA, 33 KV Class (In Technical collaboration with HTT, Germany).

Over the years the company has earned customers which includes leaders in Government and Semi-Government projects, Refineries, Fertilizer Plants, Power sector, Pharma, Paper, Steel, Cement sectors etc. and various other Industries and State Electricity Boards in India as well.

80% of the present annual sales are from Project Business. In most of the Projects, Transformer orders are through leading consultants of International repute like – Engineers India Ltd., Kaverner, Tata Consulting Engineers, Mn Dastur, Avant Garde, Toyo Engineering, Jacobs Hg, Uhde, Chemtex Engg., Dalal Consultants Ltd., Bechtel, Mecon, Development Consultants, Fichtner Consulting Engineers - to name a few. All the turnkey Contractors like ABB, SIEMENS, L&T etc. are regularly sourcing their Transformer requirements for their Industrial and Switchyard package projects.

Our earlier post covered the part stake sale by **Deutsche Securities **to **Citigroup Global Markets. **Today, **Citigroup Global Markets **sold 53,768 shares or 0.53%.

Citigroup Global Markets held 418,353 shares or 4.14% prior to this deal.

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Disclaimer

Nothing in this newsletter is financial advice and should not be construed as such. Please do not take trading decisions based solely on the matter above; if you do, it is entirely at your own risk without any liability to Capital Mind. This is educational or informational matter only, and is provided as an opinion.