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

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

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

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

CG and Renesas Electronics America Inc. are joint venture partners in CG Semi, a subsidiary of CG engaged in outsourced semiconductor assembly and test (OSAT) business. RF Components business being acquired consists of equipment, intellectual properties, inventories, customers, select transferring employees, contracts and other licenses. It had annual revenue of about $56 million in the calendar year 2023. Through this transaction, the company will acquire intellectual property (IP), tangible assets and select transferring employees across various functions such as semiconductor design, marketing, applications, etc. related to the RF components business. The proposed acquisition will enable the company to enter into the semiconductor design business. The company will acquire RF component business for total consideration of $36 million and the acquisition is expected to be completed in about 6 months, subject to satisfactory completion of the conditions precedents as contained in the agreement including obtaining necessary approvals. The proposed acquisition of RF Components business is subject to the approval of Committee on Foreign Investment in the United States (CFIUS) and other approvals, as may be necessary. Vellayan Subbiah, chairman of CG Power and Industrial Solutions, said, 'A significant number of semiconductor designers globally are Indians. Through this acquisition, we aim to enhance India's presence in the semiconductor design & development space, considered to be a high-growth and high-profitability sector.' Davin Lee, senior vice president and general manager of the Analog and Connectivity Group at Renesas, added, 'This agreement with CG will provide the opportunity for our RF team to expand. We are pleased that CG will deliver outstanding RF technology and world-class support to our customers, and we will support a smooth transition to facilitate the same. For Renesas, this move sharpens our focus on the strategic segment of our analog and connectivity business, enabling us to further scale to better serve customer demand.' CG Power & Industrial Solutions is an engineering conglomerate with an impressive and diverse portfolio of products, solutions and services for Power and Industrial equipment and solutions, addressing myriad needs. The company's consolidated net profit jumped 18.4% YoY to Rs 241.14 crore in Q1 FY25. Net sales increased 18.9% to Rs 2,227.52 crore in Q1 FY25 as compared with Rs 1874 crore in Q1 FY24.Powered by Capital Market - Live

CG Power & Industrial Solutions announced that the Company has entered into a definitive agreement for the acquisition of the Radio Frequency (RF) components business of Renesas Electronics Corporation (Renesas), a premier supplier of advanced semiconductor solutions. Towards this, an asset purchase agreement for the business was executed on 4 October 2024 between the company and Renesas Electronics America Inc., a subsidiary of Renesas, and other affiliated entities of Renesas, that have assets in the RF components business. The said business will be acquired by entities that will be established by CG, post completion of customary conditions and applicable regulatory approvals. Through this transaction, CG will acquire Intellectual Property (IP), tangible assets and select transferring employees across various functions such as semiconductor design, marketing, applications, etc. related to the RF components business.Powered by Capital Market - Live

CG Power & Industrial Solutions has completed the acquisition of 55% stake in G.G. Tronics India (GGT) by way of subscription to Compulsorily Convertible Preference Shares for an aggregate consideration of up to Rs 319.38 crore. Pursuant to the completion of the said acquisition, GGT is now a subsidiary of the Company w.e.f. 20 August 2024.Powered by Capital Market - Live

CG Power & Industrial Solutions has allotted 20,000 equity shares under ESOP. Consequently, on allotment of the above equity shares, the paid-up equity share capital of the Company stands increased from Rs. 3,05,68,22,188 to Rs. 3,05,68,62,188 comprising of 1,52,84,31,094 equity shares of face value of Rs. 2/- each. Powered by Capital Market - Live

CG Power & Industrial Solutions has allotted 41,000 equity shares under ESOP on 01 August 2024. Consequently, on allotment of the above equity shares, the paid-up equity share capital of the Company stands increased from Rs. 3,05,67,40,188 to Rs. 3,05,68,22,188 comprising of 1,52,84,11,094 equity shares of face value of Rs. 2/- each. Powered by Capital Market - Live