CG Power & Industrial Solutions will hold a meeting of the Board of Directors of the Company on 28 January 2025.Powered by Capital Market - Live

CG Power & Industrial Solutions Ltd rose for a third straight session today. The stock is quoting at Rs 676.2, up 4.17% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.64% on the day, quoting at 23350.8. The Sensex is at 77182.56, up 0.74%. CG Power & Industrial Solutions Ltd has dropped around 7.06% in last one month. Meanwhile, Nifty Energy index of which CG Power & Industrial Solutions Ltd is a constituent, has dropped around 0.7% in last one month and is currently quoting at 34686.1, up 0.63% on the day. The volume in the stock stood at 22.54 lakh shares today, compared to the daily average of 29.47 lakh shares in last one month. The benchmark January futures contract for the stock is quoting at Rs 676.55, up 4.29% on the day. CG Power & Industrial Solutions Ltd is up 51.14% in last one year as compared to a 9.94% gain in NIFTY and a 1.69% gain in the Nifty Energy index.The PE of the stock is 108.81 based on TTM earnings ending September 24.Powered by Capital Market - Live

In March last year, CG Power had announced its plans to establish a joint venture (JV) with Renesas Electronics Corporation (Japan) and Stars Microelectronics (Thailand) Public Co. to build and operate an outsourced semiconductor assembly and test (OSAT) facility in India. The Union Cabinet, chaired by Prime Minister Narendra Modi, approved the project of the JV under India's Semiconductor scheme on 29 February 2024. The JV plans to invest INR 7,600 crores over a five-year period, which will be financed through a mix of subsidies, equity, and potential bank borrowings as required. The JV will set up a manufacturing facility in Sanand, Gujarat, with a capacity that will ramp up to 15 million units per day. The JV will manufacture a wide range of products ' ranging from legacy packages such as QFN and QFP to advanced packages such as FC BGA, and FC CSP. The JV will cater to industries such as automotive, consumer, industrial, 5G, to name a few. In a regulatory filing made during market hours today, CG Power informed that the India Semiconductor Mission (ISM) under the Ministry of Electronics and Information Technology, Government of India (MeitY), had approved the grant of subsidy/fiscal support towards capex, of up to Rs 3,501 crore, subject to the execution of Fiscal Support Agreement. Accordingly, CG Power and Industrial Solutions (company), ISM and CG Semi Private Limited (subsidiary company/project company incorporated for setting up the OSAT facility) has today i.e. 17 January 2025 entered into the fiscal support agreement. CG Power, part of the Murugappa group, has two segments - power systems and industrial systems. The power systems segment manufactures electrical products such as transformers, switchgears and circuit breakers, which find application in power transmission. The industrial systems segment manufactures high and low tension rotating machines (motors and alternators), stampings, as well as railway transportation and signalling products. The company reported 37.18% fall in standalone net profit to Rs 223 crore in Q2 FY25 from Rs 355 crore in Q2 FY24. Revenue from sales rose by 19% year-over-year (YoY) to Rs 2,270 crore during the period under review. Powered by Capital Market - Live

CG Power & Industrial Solutions had earlier announced that with respect to setting up of an Outsourced Semiconductor Assembly and Test (OSAT) facility and the grant of subsidy for the said project under the Modified scheme for setting up of Compound Semiconductors / Silicon Photonics / Sensors Fab/ Discrete Semiconductors Fab and Semiconductor Assembly, Testing, Marking and Packaging (ATMP)/ Outsourced Semiconductor Assembly and Test (OSAT) facilities in India, the India Semiconductor Mission (ISM) under the Ministry of Electronics and Information Technology, Government of India (MeitY) had approved the grant of subsidy/fiscal support towards capex, of up to Rs. 3,501 crores, subject to the execution of Fiscal Support Agreement. Now, CG Power & Industrial Solutions, India Semiconductor Mission and CG Semi (subsidiary company/ project company incorporated for setting up the OSAT facility) has today, 17 January 2025 entered into the fiscal support agreement. Powered by Capital Market - Live

CG Power & Industrial Solutions has allotted 67,500 equity shares under ESOP on 16 January 2025. Consequently, on allotment of the above equity shares, the paid-up equity share capital of the Company stands increased from Rs. 3,05,75,13,888 to Rs. 3,05,76,48,888 comprising of 1,52,88,24,444 equity shares of face value of Rs. 2/- each.Powered by Capital Market - Live

CG Power & Industrial Solutions has allotted 12,500 equity shares under ESOP on 30 December 2024. Consequently, on allotment of the above equity shares, the paid-up equity share capital of the Company stands increased from Rs. 3,05,74,88,888 to Rs. 3,05,75,13,888 comprising of 1,52,87,56,944 equity shares of face value of Rs. 2/- each. Powered by Capital Market - Live

CG Power & Industrial Solutions has allotted 1,79,710 equity shares under ESOP on 26 December 2024. Consequently, on allotment of the above equity shares, the paid-up equity share capital of the Company stands increased from Rs. 3,05,71,29,468 to Rs. 3,05,74,88,888 comprising of 1,52,87,44,444 equity shares of face value of Rs. 2/- each. Powered by Capital Market - Live

CG Power & Industrial Solutions announced that as part of the proposed acquisition Axiro Semiconductor, a wholly-owned Indian Subsidiary of the Company, has incorporated a wholly-owned Subsidiary in the State of Delaware, USA, namely 'Axiro Semiconductor Inc.' on 23 December 2024. Accordingly, Axiro Semiconductor Inc. is a step-down wholly-owned subsidiary of the Company.Powered by Capital Market - Live

The scope of the order comprises supply, installation, testing, and commissioning of on-board 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. G.G.Tronics specializes in designing, manufacturing, supplying, and installing electronic safety embedded signalling systems for the railway transportation segment. GGT provides comprehensive services for system and software verification and validation for railway signalling products and projects. According to the company order value is ranging between Rs 500 crores to Rs 600 crore. The execution time frame for this order will be one year. CG Power, part of the Murugappa group, has two segments - power systems and industrial systems. The power systems segment manufactures electrical products such as transformers, switchgears and circuit breakers, which find application in power transmission. The industrial systems segment manufactures high and low tension rotating machines (motors and alternators), stampings, as well as railway transportation and signalling products. The company reported 37.18% fall in standalone net profit to Rs 223 crore in Q2 FY25 from Rs 355 crore in Q2 FY24. Revenue from sales rose by 19% year-over-year (YoY) to Rs 2,270 crore during the period under review. Powered by Capital Market - Live

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