Crompton Greaves (CG), an engineering firm, has signed a global supply agreement with cement major Lafarge for electrical motors. "CG's energy efficient motors to bolster Lafarge's manufacturing processes. This agreement positions CG as one of the select few preferred global suppliers for Lafarge," the company said. 

Commenting on the agreement, Michel EDMONT, senior vice president - International Sourcing, Lafarge Cement said, "We are extremely pleased to have entered into this agreement and have CG as a preferred partner for Large Motors. CG’s ability to provide flexible designs, high quality and cost effective solutions were key factors that Lafarge considered while making this decision."
 
On this important development, Avantha Group Company CG's CEO and Managing Director, Laurent Demortier, said, "Our sincere thanks to Lafarge for reposing their trust in CG's expertise in this sector, as one of the leading players in industrial motors. Our strategic investments such as the Global Design Centre in Bhopal, India, exhibits our commitment towards developing energy-efficient and technologically advanced products for the ever-evolving market needs of the industrial sector. This global supply agreement is a perfect fit for both the companies to leverage the growing demand in infrastructure the world over."

Shares of the company gained Rs 3, or 1.73%, to settle at Rs 176.50. The total volume of shares traded was 289,446 at the BSE (Tuesday).