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Citigroup Global Markets sells stake in Voltamp Transformers

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.Voltamp Transformers Citigroup Share Price April 2016

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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