CG Power & Industrial Solutions has allotted 40,600 equity shares under ESOP on 13 May 2024. Consequently on allotment of the above equity shares, the paid-up equity share capital of the Company stands increased from Rs. 3,05,46,66,428 to Rs. 3,05,47,47,628 comprising of 1,52,73,73,814 equity shares of face value of Rs. 2/- each.Powered by Capital Market - Live News

CG Power & Industrial Solutions announced that the 87th Annual General Meeting(AGM) of the company will be held on 24 July 2024.Powered by Capital Market - Live News

Net profit of CG Power & Industrial Solutions declined 45.18% to Rs 233.60 crore in the quarter ended March 2024 as against Rs 426.11 crore during the previous quarter ended March 2023. Sales rose 15.18% to Rs 2191.72 crore in the quarter ended March 2024 as against Rs 1902.79 crore during the previous quarter ended March 2023.For the full year,net profit rose 48.23% to Rs 1427.01 crore in the year ended March 2024 as against Rs 962.67 crore during the previous year ended March 2023. Sales rose 15.40% to Rs 8045.98 crore in the year ended March 2024 as against Rs 6972.54 crore during the previous year ended March 2023. ParticularsQuarter EndedYear Ended�Mar. 2024Mar. 2023% Var.Mar. 2024Mar. 2023% Var. Sales2191.721902.79 15 8045.986972.54 15 OPM %12.9514.47 -14.0214.25 - PBDT331.08287.12 15 1231.791044.88 18 PBT307.03262.42 17 1136.90950.38 20 NP233.60426.11 -45 1427.01962.67 48 Powered by Capital Market - Live News

CG Semi, a subsidiary of CG Power & Industrial Solutions, announced that it has performed the foundation stone laying ceremony in Sanand, Gujarat. The Joint Venture between CG Power and Industrial Solutions Limited (CG); Renesas Electronics Corporation (TSE: 6723, Renesas); and Stars Microelectronics (Thailand) Public Co. Ltd (Stars Microelectronics), will set up a world-class OSAT facility in India.This facility will be set up in a land area of around 28 acres with an investment of Rs 7600 crores spread over a period of five years. This facility will manufacture a wide array of products - ranging from legacy packages such as QFN and QFP to advanced packages such as FC BGA, and FC CSP, which will cater to industries such as Automotive, Consumer, Industrial, 5G, to name a few, with a capacity to ramp up production to 1.5 crore units per day.The facility will generate employment for around 5000 people, thereby providing opportunities to the local communities.Powered by Capital Market - Live News

CG Power & Industrial Solutions has allotted 30,620 equity shares under ESOP on 04 March 2024. Consequently on allotment of the above equity shares, the paid-up equity share capital of the Company stands increased from Rs. 3,05,46,05,188 to Rs. 3,05,46,66,428 comprising of 1,52,73,33,214 equity shares of face value of Rs. 2/- each.Powered by Capital Market - Live News