Who wrote this article?

Aakash Agarwal, Capitalmind's research team.

Deutsche Securities sells stake in Voltamp Transformers to Citigroup Global Markets

21 Apr 2016Aakash Agarwal1 min read

Quick Facts

What is "Deutsche Securities sells stake in Voltamp Transformers to Citigroup Global Markets" 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" 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.

Deutsche Securities sold 74,451 shares or 0.74% to Citigroup Global Markets. With this trade, Deutsche Securities has reduced its holding to 30,798 shares or 0.30% while Citigroup Global Markets has increased to 418,353 shares or 4.14%.

Other investors in the company include Nalanda Capital, Franklin Templeton Mutual Funds, UIT Mutual Funds, and ICICI Mutual Fund.

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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.