Crompton Greaves Open 2011

Crompton Greaves and Aircel-PGTI announce Crompton Greaves Open 2011

Increased purse of Rs 10 mn; up from Rs 8 mn last year Star-studded line-up includes Chiragh Kumar (Rolex Rankings leader & winner of BILT Open 2011), Jyoti Randhawa and Gaganjeet Bhullar

Mumbai, December 6th, 2011: Crompton Greaves Ltd., part of the US$ 4 bn Avantha Group, and Aircel-Professional Golf Tour of India (PGTI) today announced the schedule for Crompton Greaves Open 2011. The CG Open will be played at Bombay Presidency Golf Club, Mumbai, from 7th-10th December. The Pro-Am will be played on 11th December. CG is very proud to sponsor an event of this stature and support the development of this highly competitive sport within India.

The star-studded field features some of India's top professionals, including Chiragh Kumar, Jyoti Randhawa and Gaganjeet Bhullar. Incidentally, Chiragh Kumar is the current Rolex Rankings leader and recently won the BILT Open 2011, hosted by another Avantha Group company.

Mr Laurent Demortier, Chief Executive Officer & Managing Director, Crompton Greaves, said, “Now in its fourth year, Crompton Greaves Open is one of the most coveted tournaments on the Aircel PGTI. Reinforcing this pole position and our commitment to the game, we have increased the prize and am happy to be associated with this event in its 4th year. My best wishes to all the players.”

Speaking on the occasion, Mr. Padamjit Sandhu, Director, PGTI, said, “The PGTI returns to Mumbai for the 2011 Crompton Greaves Open with one of the strongest player fields in the season. We thank Crompton Greaves for having sponsored the prize and also for their commitment to this event over the years, which has helped the successful development of golf, not only in India, but throughout the world. And under the leadership of Mr Laurent Demortier, the new CEO & Managing Director of Crompton Greaves, we look forward to further building the event over the coming years. We expect some exciting golf as the top players fight it out for the Rolex Player of the Year award and wish all the players the best for the week.”

With a competitive playing field featuring some of India's best professional golfers, golf enthusiasts will get to witness some of the finest golfing action in the country.

Founded in 1927, Bombay Presidency Golf Club is home to amateurs and professionals alike. It is amongst the most demanding golf courses in the country, abounding in pitfalls too numerous to describe

About Avantha

The US$ 4 bn Avantha Group is one of India's leading business conglomerates. Its successful entities include BILT, Crompton Greaves, The Global Green Company, Avantha Power & Infrastructure, Solaris ChemTech Industries, Biltech Building Elements, Salient Business Solutions and Avantha Technologies. With an impressive global footprint, Avantha operates in more than ten countries, employing 20,000 people worldwide. The Group has business interests in diverse areas including power transmission and distribution equipment and services, paper and pulp, energy and infrastructure, food processing, farm forestry, chemicals, IT and ITES. Led by Gautam Thapar, Avantha demonstrates strong leadership globally and emerges as a focused corporate, leveraging its knowledge, leadership and operations, adding lasting value for its stakeholders and investors. For more information on Avantha, please visit www.avanthagroup.com.

About Crompton Greaves

CG (Crompton Greaves Limited), part of the US$ 4 bn Avantha Group, is a pioneering leader in the management and application of electrical energy, with a presence in 10 countries. CG is active in the global power transmission & distribution (T&D) arena, and is amongst the world's top ten transformer manufacturers. The company is organized into three business groups, viz., Power Systems, Industrial Systems and Consumer Products. Nearly, two-thirds of its turnover accrues from product lines in which it enjoys a leadership position. For more information on CG, please visit: www.cgglobal.com

About PGTI

Formed in 2006, Professional Golf Tour of India (PGTI) is the recognized official body of professional golf in India. PGTI's objective is to promote professional golf in the country as well as give players an opportunity to be involved in decision making for all aspects of the game. Headed by Mr. Gautam Thapar (President), PGTI's governing body comprises of leading Indian golf professionals such as Jyoti Randhawa, Shiv Kapur, SSP Chowrasia, Digvijay Singh, Uttam Singh Mundy, Amritinder Singh and Ranjit Singh. PGTI currently has over 300 members.