CG Power & Industrial Solutions Share News - Latest Updates, Live News & More

Latest news about CG Power & Industrial Solutions

CG Power Faces ₹3.65 Billion Tax Demand for FY 2017-18 1 day ago

CG Power & Industrial Solutions has received a tax demand of ₹3.65 billion from the Income Tax Department for the assessment year 2018-19. The demand stems from a reassessment following a Bombay High Court order. The company plans to appeal against the additions and disallowances, believing it has a strong case based on jurisprudence and legal opinions.

CG Power Faces Rs 33.02 Crore Tax Demand, Plans to Appeal 2 days ago

CG Power Reports Proper Utilization of Rs 3,000 Crore QIP Proceeds Nov 10, 2025

CG Power Seeks Stock Exchange Approval for Declassification of Two Promoter Group Entities Nov 06, 2025

Semiconductor Production Kicks Off at Kaynes and CG Power Plants Nov 03, 2025

More news about CG Power & Industrial Solutions

29Oct 25

CG Power Unveils ₹748 Crore Investment Plan for New Switchgear Plant in Western India

CG Power & Industrial Solutions plans to establish a new switchgear manufacturing facility in Western India with an investment of ₹748 crore. The facility, expected to be completed within 33 months, will be built on approximately 35 acres of land with a built-up area of around 72,000 square meters. This expansion aims to double the company's switchgear production capacity, catering to Medium Voltage and Extra High Voltage Switchgear, Substation Automation Systems, and Power Electronics solutions. The project is designed to capitalize on growth potential in domestic and export markets, strengthening CG Power's position in the MV and EHV segments.

29Oct 25

CG Power Reports Mixed Q2 Results: Revenue Up 21%, Profit Rises 32%

CG Power & Industrial Solutions reported a 21% year-over-year revenue increase to ₹2,922.79 crore in Q2, falling short of the ₹3,283.00 crore estimate. Net profit rose 32% to ₹286.72 crore, missing the ₹313.00 crore forecast. EBITDA grew 31% to ₹442.81 crore with a margin of 15.15%. The Power Systems segment saw 48.3% growth, while Industrial Systems declined 1.8%. The company approved a new Greenfield Switchgear facility, raised ₹3,000 crore through QIP, and its subsidiary is eligible for ₹3,501 crore government assistance for an OSAT facility.

30Sept 25

CG Power Bolsters Leadership Team with New Chief Human Resources Officer

CG Power & Industrial Solutions has appointed Ms. Vrushali Kedar Gadkari as Vice President & Chief Human Resources Officer (CHRO), effective September 30, 2025. Gadkari brings over 21 years of experience in HR management across various sectors. This appointment follows the resignation of Mr. Mehernosh Mehta. Additionally, CG Power allotted 23,000 equity shares under its ESOP 2021, increasing its paid-up equity share capital to Rs. 3,14,94,39,618.00.

26Sept 25

CG Power: Coromandel Engineering Seeks Reclassification from Promoter to Public Category

CG Power & Industrial Solutions has received a request from Coromandel Engineering Company Limited (CECL) for reclassification from 'promoter and promoter group' to 'public' category. This follows CECL's complete divestment of its CG Power shareholding through a Share Purchase Agreement on 29th September 2023, resulting in a change of control on 29th December 2023. CECL now holds zero shares in CG Power. The request will be considered by CG Power's Board and, if approved, an application will be submitted to stock exchanges for no-objection. CECL has provided necessary confirmations as per SEBI regulations. Separately, CG Power announced the closure of its trading window from 30th September 2025 until 48 hours after the publication of Q2 financial results.

17Sept 25

CG Power: Yanmar Coromandel Agrisolutions Seeks Reclassification from Promoter to Public Category

CG Power & Industrial Solutions has received a request from Yanmar Coromandel Agrisolutions Private Limited (YCAS) for reclassification from 'promoter and promoter group' to 'public' category. This follows a change in YCAS's shareholding structure, with Coromandel International Limited's stake decreasing to 10.60% after a fund infusion by Yanmar Asia (Singapore) Corporation. YCAS currently holds no shares in CG Power and does not meet SEBI's criteria for promoter group classification. The request will be considered by CG Power's Board and then submitted to stock exchanges for approval.

03Sept 25

CG Power Shares Surge 14% on OSAT Facility Launch and Positive Analyst Coverage

CG Power & Industrial Solutions' stock price has increased by 14% over four trading sessions, closing at Rs 757.20 on BSE. The company launched India's first end-to-end OSAT facility in Gujarat through its subsidiary, investing over Rs 7,600 crore in two facilities expected to create 5,000+ jobs. Morgan Stanley initiated coverage with an 'Overweight' rating, projecting a 34% profit after tax CAGR between FY25-FY28. The industrials business is expected to achieve a 14% revenue CAGR and 15% EBIT CAGR, while the power systems division is projected to deliver a 35% revenue CAGR and 42% EBIT CAGR.

01Sept 25

CG Power Shares Surge to Seven-Month High on Semiconductor Facility Launch

CG Power & Industrial Solutions' stock reached a seven-month high after its unit, CG Semi, launched India's first outsourced semiconductor assembly and testing (OSAT) facility. The stock gained 4.56% over two sessions, rising to Rs 711.90. CG Semi's facility in Sanand, Gujarat, offers solutions across traditional and advanced packaging technologies. The company plans to invest Rs 7,600 crore over five years and has collaborated with Renesas and Stars Microelectronics. Analyst sentiment remains positive with 10 buy recommendations against 3 sell recommendations.

28Aug 25

CG Semi Launches India's First End-to-End OSAT Semiconductor Facility in Gujarat

CG Power & Industrial Solutions, through its subsidiary CG Semi Private Limited, has launched one of India's first end-to-end Outsourced Semiconductor Assembly and Test (OSAT) facilities in Sanand, Gujarat. The company is investing over ₹7,600 crore to develop two facilities, G1 and G2, over five years. The G1 facility, with a peak capacity of 0.5 million units per day, is expected to start commercial production in 2026. The G2 facility, under construction, aims for a capacity of 14.5 million units per day by end of 2026. This initiative is expected to create over 5,000 jobs and significantly contribute to India's semiconductor ecosystem.

13Aug 25

CG Power Ventures into Chip Manufacturing with New Plant Opening This Month

CG Power & Industrial Solutions is expanding into the semiconductor industry by opening a new chip manufacturing plant. The facility is set to begin operations by the end of the month, marking the company's strategic entry into the growing semiconductor market. This move diversifies CG Power's portfolio beyond its traditional power and industrial equipment focus. While specific details about the plant's location and capacity are not disclosed, the rapid timeline from opening to production suggests significant preparation and investment. This expansion aligns with India's push for self-reliance in critical technology sectors and could potentially position CG Power as a key player in the domestic semiconductor industry.

11Aug 25

CG Power Expands US Railway Footprint Through Strategic Partnership with Flanders Electric

CG Power & Industrial Solutions' subsidiary, CG USA, has partnered with Flanders Electric Motors Service to strengthen its presence in the US railway sector. The collaboration aims to offer superior products and services, competitive pricing, and faster turnaround times for railway traction motor replacements and refurbishments. This partnership leverages CG's global expertise and Flanders' local capabilities in the US market, which has a rail network three times larger than Indian Railways. The move is expected to capitalize on the growing demand for high-quality solutions in the US railway market, particularly from Class I railroads.

02Aug 25

CG Power Secures 99-Year Land Lease for 45,000 MVA Transformer Plant in Madhya Pradesh

CG Power & Industrial Solutions has been allocated 45.13 acres of land on a 99-year lease by the M.P Industrial Development Corporation Limited (MPIDC) in Sehore, Madhya Pradesh. The land will be used to establish a new greenfield transformer manufacturing facility with a capacity of 45,000 MVA. This expansion aims to strengthen CG Power's transformer manufacturing capabilities in Western India.

24Jul 25

CG Power Reports Strong Q1 Results with 29% Revenue Growth

CG Power & Industrial Solutions reported robust Q1 financial results. Consolidated revenue increased 29% YoY to ₹2,878.00 crore, while net profit rose 11% to ₹267.00 crore. The Power Systems segment saw 43% sales growth, and Industrial Systems grew 16%. Order intake surged 62% to ₹5,138.00 crore, with an unexecuted order backlog of ₹13,072.00 crore. The company secured major orders and successfully completed a ₹3,000.00 crore QIP.

04Jul 25

CG Power Raises ₹3,200 Crores Through Successful QIP at ₹660 Per Share

CG Power & Industrial Solutions has completed a Qualified Institutional Placement (QIP), raising ₹3,200 crores by selling equity shares at ₹660 each. The share price represents a 2.81% discount to the QIP floor price. This successful capital-raising event potentially strengthens CG Power's financial position and provides resources for future growth initiatives.

30Jun 25

CG Power Launches Rs 3,000 Crore QIP with Floor Price of ₹679.08 per Share

CG Power & Industrial Solutions has initiated a Qualified Institutional Placement (QIP) to raise up to Rs 3,000 crore. The company set a floor price of ₹679.08 per share, with an indicative issue price of ₹660.00 per share, potentially offering a 5% discount. The QIP could result in a 2.89% dilution of the company's shares. This capital-raising effort aims to strengthen the company's financial position and possibly fund growth initiatives.

25Jun 25

CG Power Faces Potential Additional Tax Liability Following DRP Directions

CG Power & Industrial Solutions has disclosed that it may face additional tax liability following directions from the Dispute Resolution Panel (DRP). The final assessment order from the Assessing Officer is pending, leaving the exact impact uncertain. The company acknowledges the potential for additional tax liability, though the specific amount is not disclosed.

24Jun 25

CG Power Alerts Investors to Potential Tax Implications from Dividend and Repayment Directives

CG Power & Industrial Solutions Ltd. has issued a cautionary statement to investors about possible tax ramifications related to directives on dividends and repayment plans. The company is awaiting final approval on its tax assessment, which could lead to additional tax liabilities. This development may impact the company's financial position and shareholder returns. CG Power's proactive communication demonstrates transparency, but highlights the regulatory complexities it faces.

17Jun 25

CG Power and Industrial Solutions Secures Largest Single Order Worth ₹641 Crore from Power Grid

CG Power & Industrial Solutions has won its largest single order to date, valued at ₹641.00 crore, from Power Grid Corporation of India Ltd. The order involves supplying and servicing 765kV and 400kV class transformers and reactors. The project is expected to be completed within 18 to 36 months, potentially boosting the company's revenue and market position in the power equipment sector.

11Jun 25

CG Power Sees Major Block Trade Worth ₹100.75 Crore on NSE

A significant block trade of 1,466,259 shares of CG Power & Industrial Solutions occurred on the National Stock Exchange. The transaction was executed at ₹687.10 per share, totaling ₹100.75 crore. While the identities of the buyer and seller are undisclosed, such large trades often indicate strategic moves by institutional investors or major shareholders.

06Jun 25

CG Power Clarifies Stance on Joint Venture Project Amid Misrepresentations

CG Power and Industrial Solutions has issued a statement addressing misrepresentations in a news article about its joint venture project. The company affirmed its ongoing support for the joint venture and clarified that the current situation with Wolfspeed will not impact CG's semiconductor operations. This proactive communication aims to reassure stakeholders and maintain transparency.

08May 25

CG Power's Acquisition Plans for BTW India Hit Roadblock

CG Power and Industrial Solutions' plan to acquire a 90% stake in BTW India has been thwarted. A minority shareholder of BTW India exercised their right of first refusal, blocking the acquisition. This development poses a significant challenge to CG Power's expansion strategy and may force the company to reassess its growth plans.

06May 25

CG Power Reports Strong Order Backlog and Q4 Results, Stock Drops 8% on Margin Contraction

CG Power and Industrial Solutions announced Q4 results with revenue up 26% to ₹2,753 crore and net profit rising 16% to ₹272 crore. The company reported an impressive order backlog of ₹10,631 crore and order intake of ₹3,824 crore, both exceeding estimates. However, EBITDA margin contracted slightly to 12.60% from 13.00% year-over-year, leading to an 8% drop in stock price despite overall positive results.

28Apr 25

CG Power Revolutionizes Water Management with India's First Cordless Pump Controller

CG Power and Industrial Solutions Limited has introduced SmartSENSE, India's first cordless water pump controller. Developed by CG Pumps, this innovative product uses advanced sensing technology to monitor water levels without wiring or float switches. SmartSENSE offers features like automatic start/stop, dry run protection, and multiple tank connectivity. The 1 HP pump has a dynamic head range of 6 to 50 meters and a discharge capacity of 3300 LPH to 600 LPH. Now available across India, SmartSENSE aims to set a new benchmark in domestic water management technology.

27Mar 25

CG Power Faces Continued Scrutiny: Enforcement Directorate Freezes New Bank Account

The Enforcement Directorate has frozen a new bank account of CG Power and Industrial Solutions Limited, opened on September 25, 2024, at State Bank of India, Chennai. The account, containing USD 751,358.43 (₹63,131,014.00), was frozen as part of an investigation into alleged financial irregularities involving the company's former promoter group. CG Power states this action has no impact on its operations or financial position. The Adjudicating Authority in New Delhi has allowed the ED to retain the frozen funds for further investigation.

21Mar 25

CG Power's Subsidiary Axiro Semiconductor Expands into China with New Shenzhen Entity

CG Power's subsidiary, Axiro Semiconductor Private Limited, has incorporated a new entity named Axiro Semiconductor (Shenzhen) Co., Ltd. in Shenzhen, China on March 20, 2025. This step-down wholly-owned subsidiary marks CG Power's strategic entry into one of the world's largest semiconductor markets, potentially enhancing its global footprint, manufacturing capabilities, and supply chain. The move follows earlier disclosures and aligns with the company's plans to grow its semiconductor business globally.

20Mar 25

CG Power Diversifies into Air Coolers with JetChill Technology

CG Power and Industrial Solutions is expanding its consumer durables portfolio by introducing air coolers featuring innovative JetChill technology. This strategic move aims to tap into the growing demand for efficient cooling solutions in India. The expansion represents a significant diversification for CG Power, traditionally known for industrial and power solutions. This venture into the competitive air cooler market could potentially increase brand visibility, diversify revenue streams, and reshape the company's business model.

17Mar 25

CG Power and Industrial Solutions Ltd. Witnesses Significant Block Trade Worth ₹50.92 Crore

A significant block trade of 843,140 shares of CG Power and Industrial Solutions Ltd. occurred on the NSE, valued at ₹50.92 crore. The shares were traded at ₹603.95 each. This large-scale transaction has drawn market attention, potentially indicating shifts in institutional holdings or strategic moves by major investors. CG Power, known for its electrical equipment and power systems, operates in power transmission, distribution equipment, and industrial systems sectors.

12Mar 25

CG Power Secures CFIUS Approval for Strategic Acquisition, Plans Interim Dividend Discussion

CG Power has received approval from the Committee on Foreign Investment in the United States (CFIUS) for its planned acquisition of Renesas Electronics America's RF components business. The approval was obtained on March 10, 2025. The company plans to complete the acquisition through newly incorporated subsidiaries, subject to other regulatory approvals. Additionally, CG Power's board will discuss interim dividend declaration on March 18, and the company has secured a major order from Kinet Railway Solutions for Vande Bharat trainsets.

11Mar 25

CG Power Secures ₹400-450 Crore Order for Vande Bharat Trainsets

CG Power and Industrial Solutions Limited has won a significant order valued between ₹400 crore and ₹450 crore for supplying and servicing railway products for Vande Bharat trainsets. This contract strengthens CG Power's position in the railway sector and aligns with India's railway modernization efforts. The order is expected to boost the company's railway division and could lead to future opportunities in the ongoing modernization of Indian Railways.

11Mar 25

CG Power and Industrial Solutions to Consider Interim Dividend on March 18

CG Power and Industrial Solutions Limited's Board of Directors will meet on March 18, 2024, to consider declaring an interim dividend for FY 2024-25. The company has implemented a trading window closure from March 11 to March 20, 2024, for designated persons in compliance with SEBI regulations.

08Mar 25

CG Power Expands Global Footprint with New R&D Subsidiary in Turkey

CG Power and Industrial Solutions Limited has incorporated a new wholly-owned subsidiary, Axiro Semiconductor Turkey Araştırma ve Geliştirme A.Ş., in Istanbul, Turkey. The subsidiary, established on March 7, 2025, will focus on semiconductor research and development. This strategic move aims to enhance CG Power's technological capabilities in the semiconductor industry and expand its global presence, particularly in Europe and the Middle East.

27Feb 25

CG Power Shares See Massive Block Trade Worth ₹93.42 Crore on NSE

A significant block trade of 1,616,304 shares of CG Power and Industrial Solutions Ltd. occurred on the National Stock Exchange. The transaction was executed at ₹578.00 per share, totaling ₹93.42 crore. This large-scale trade has drawn attention from investors and market analysts, potentially indicating strategic moves by institutional investors or major shareholders.

27Feb 25

CG Power Shares See Major Block Trade Worth Rs. 142 Crore

A significant block trade of 2,448,703 shares of CG Power and Industrial Solutions Ltd. occurred on the National Stock Exchange. The shares were traded at Rs. 579.75 each, totaling Rs. 141.96 crore. While the identities of the buyer and seller remain undisclosed, such large transactions often indicate strategic moves by institutional investors or major shareholders.

27Feb 25

CG Power Shares See Significant Block Trade Worth Rs. 30.44 Crores on NSE

A significant block trade of 524,556 shares in CG Power and Industrial Solutions Ltd. was executed on the National Stock Exchange at Rs. 580.25 per share. The total transaction value amounted to Rs. 30.44 Crores. While the parties involved remain undisclosed, this substantial trade has drawn market attention due to its potential implications for investor sentiment or strategic shareholder movements.

27Feb 25

CG Power Shares in Focus: Large Block Trade Worth ₹40.30 Crore on NSE

A significant block trade of CG Power and Industrial Solutions Ltd. shares occurred on the National Stock Exchange. 693,416 shares were traded at ₹581.15 per share, totaling ₹40.30 crore. This large transaction suggests potential institutional interest and demonstrates the stock's liquidity.