G.G.Tronics India (GGT), a subsidiary of CG Power & Industrial Solutions, today announced that the Company has secured a prestigious KAVACH order from Chittaranjan Locomotive Works, West Bengal, Government of India. The scope of the order comprises Supply, Installation, Testing, and Commissioning of Onboard KAVACH equipment as per RDSO specifications including annual maintenance for 11 years. The Supply scope also includes complete wiring, harnessing, cabling, and connection with Loco KAVACH system. The order is valued between Rs 500-600 crore and is to be executed within one year. Powered by Capital Market - Live News

Net profit of CG Power & Industrial Solutions declined 8.77% to Rs 220.96 crore in the quarter ended September 2024 as against Rs 242.20 crore during the previous quarter ended September 2023. Sales rose 20.54% to Rs 2412.69 crore in the quarter ended September 2024 as against Rs 2001.51 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales2412.692001.51 21 OPM %12.2115.42 - PBDT321.37325.71 -1 PBT293.80302.85 -3 NP220.96242.20 -9 Powered by Capital Market - Live News

The Board of CG Power & Industrial Solutions at its meeting held on 21 October 2024 has approved an additional capacity expansion of power transformers (T3 unit) at an additional investment of Rs 26.64 crore. The proposed expansion would increase the capacity from 35,000 MVA to 40,000 MVA for power transformers. The current capacity utilization is around 85%. The expansion project is expected to be implemented within a period of 18 months including the earlier project and will be funded through internal accruals. The expansion is proposed considering the expected increase in demand for transformers. Powered by Capital Market - Live News

The Board of CG Power & Industrial Solutions at its meeting held on 21 October 2024 has approved raising up to Rs 3,500 crore by issue of equity shares by way of qualified institutional placement. Powered by Capital Market - Live News

CG Power & Industrial Solutions will hold a meeting of the Board of Directors of the Company on 21 October 2024.Powered by Capital Market - Live News