Crompton Greaves Partners With UK Firm Gooee for Iot Play

Crompton Greaves Consumer Electrical today announced that it has partnered up with UK-based Gooee to be the latter's launch partner in India.

Gooee connects the lighting manufacturers and their customers to the IoT (Internet Of Things). According to this agreement, Crompton will be able to use the British firm's new lighting ecosystem to provide additional functionality and value to customer lighting as well as IoT solutions. The IoT refers to the connection of devices other than computers and smartphones to the internet.

In a statement Crompton said that with this partnership, Crompton plans to foray into the world of IoT and connected lighting in big way.

The Gooee ecosystem provides sensing, control along with communication components that integrate with an enterprise scale cloud platform.

This offers a service-driven, scalable framework that can be integrated into LED lighting installations, which significantly increases control, monitoring and data analysis while driving performance as well as efficiency improvements, it added.

Shantanu Khosla, Compton Greaves Consumer Electricals Managing Director, believes that these factors will be of significant interest to many of the customers, in particular those in the retail, commercial property and industrial sectors, enabling them to operate more efficiently and effectively within the increasingly connected world.

On 2^nd Dec, Crompton Greaves share price rose by 0.95 per cent by the end of today’s trade.  By the end of the day the share price closed at 148.65. The intraday high and the intraday low are Rs 150.45 and Rs 147.50 respectively.

Crompton Greaves is analyzed by Dynamic Levels as the top 500 performing stocks for this quarter among the 1700 stocks which are listed on the NSE

In order to know about the support and resistance levels of the scrip and also its fundamentals and financials, please a pay a visit to Crompton Greaves share price history.