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

Latest news about CG Power & Industrial Solutions

CG Power launches transformer factory in Sehore with 45000 MVA capacity 18 hrs ago Yesterday

CG Power & Industrial Solutions launched its first transformer from a new factory in Sehore, Madhya Pradesh. The facility has an installed capacity of 45000 MVA. The plant is expected to generate 2000+ jobs in the region.

CG Power appoints Samit Khanna as VP - Consumer Products 3 days ago

CG Power seeks shareholder approval to appoint PwC as statutory auditors 8 days ago

CG Power completes ₹16.44 crore Tosil Systems acquisition via Axiro Aug 20, 2026

CG Power appoints Price Waterhouse as statutory auditor Aug 19, 2026

More news about CG Power & Industrial Solutions

18Aug 26

CG Power discloses possible cyber incident, core systems remain safe

CG Power & Industrial Solutions has disclosed a possible cyber incident while assuring stakeholders that its core systems remain safe and unaffected. The company has initiated an investigation into the matter and is taking steps to assess the situation. No further financial or operational impact has been disclosed at this stage.

12Aug 26

CG Power and Industrial Solutions meets Premji Invest on Aug 12

CG Power and Industrial Solutions Limited discloses a one-on-one meeting with Premji Invest on August 12, 2026. The filing complies with SEBI LODR Regulations 30(2) and 46(2). The schedule is subject to change based on exigencies.

12Aug 26

CG Power schedules analyst meetings with Fidelity and First State

CG Power and Industrial Solutions Limited has scheduled investor meetings on August 18, 2026, with Fidelity International and First State Investment. The disclosure complies with SEBI LODR Regulations 30(2) and 46(2), ensuring equal access to information for all stakeholders.

30Jul 26

CG Power Q1FY27 profit surges 27% to ₹364 crore; auditor resigns

CG Power reported a 27% surge in Q1FY27 standalone PAT to ₹364 crore, driven by robust order inflows and margin expansion in the Power Systems division. The company announced the resignation of statutory auditor S R B C & Co LLP effective August 14, 2026, to align with holding company Tube Investments of India Limited. The Board approved a ₹35.17 crore expansion for its Nashik GIS facility to double production capacity within 4–6 months.

27Jul 26

CG Power shareholders pass all resolutions despite institutional dissent on board seat

Shareholders of CG Power and Industrial Solutions passed all five ordinary resolutions at its 89th AGM held on July 24, 2026. Key approvals included the adoption of FY26 financial statements and confirmation of an interim dividend. Notably, institutional investors opposed the reappointment of director Mr. Vellayan Subbiah, though the resolution passed with 97.18% overall support due to promoter backing.

27Jul 26

Stocks to Watch Today: CG Power in focus as Jefferies, Macquarie, Nomura, UBS share views

CG Power's Q1 results drew mixed brokerage responses, with EBITDA missing estimates due to semiconductor losses and weaker industrial margins. Jefferies held its Hold rating with a ₹855 target and cut FY27 EPS by 4%, while Nomura trimmed FY27 EPS by 5% but retained a Buy with a ₹1,100 target. Macquarie maintained Outperform at ₹1,090, citing 14% revenue growth, 17% PAT growth YoY, and a 45% YoY order backlog surge. UBS kept its Buy at ₹1,070, highlighting 14%/4%/16% growth in revenue/EBITDA/PAT and a 50% offtake commitment from Renesas for the OSAT facility.

27Jul 26

CG Power Outlines Growth Strategy Across Semiconductors, Motors Division, and Global Export Markets

CG Power & Industrial Solutions' management has outlined growth expectations for Axiro's semiconductor business, with ongoing investments in technology areas beyond Radio Frequency and Satcom. The Motors Division is seeing strong growth backed by price increases and R&D enhancements, with a complete IE3, IE4, and IE5 motor range targeted for readiness within the next year. On the global front, the company is pursuing export opportunities across the Americas, Europe, and MENA, while maintaining India as its core growth market. Key sectors in focus include data centers, renewables, green energy, oil and gas, and grid modernization.

24Jul 26

CG Power statutory auditor S R B C & CO LLP to resign on Aug 14

S R B C & CO LLP intends to resign as Statutory Auditor of CG Power and Industrial Solutions Ltd effective August 14, 2026. The move aligns with the auditor rotation at holding company TII, ensuring audit synergy for a subsidiary comprising over 50% of consolidated finances.

20Jul 26

CG Power to discuss Q1FY27 earnings on July 24

CG Power and Industrial Solutions Limited has announced an earnings call on July 24, 2026, at 4:15 PM IST to discuss its financial results for the quarter ended June 30, 2026. The call will be led by key management personnel including Managing Director & CEO Amar Kaul and CFO Susheel Todi. Participants can join via digital access or telephone using specific domestic and international toll-free numbers.

06Jul 26

CG Semi starts commercial production at Sanand OSAT facility

CG Semi Private Limited has started commercial production at its G1 OSAT facility in Sanand, Gujarat, with a capacity of 300 million units per year. The company is investing over ₹7,600 crore over five years for two facilities. The joint venture involves CG Power, Renesas Electronics, and Stars Microelectronics.

02Jul 26

CG Power 89th AGM set for July 24, 2026

CG Power and Industrial Solutions Limited has announced that its 89th Annual General Meeting will be held via video conferencing on July 24, 2026. The meeting agenda includes the adoption of financial statements for FY26 and the confirmation of an interim dividend. Remote e-voting is available from July 20 to July 23, 2026, for members registered as of July 17, 2026.

02Jul 26

CG Power promoters confirm no encumbrance in FY26

Tube Investments of India Limited confirmed that the promoters of CG Power & Industrial Solutions Limited did not create any encumbrances on their shares during FY26, aside from previously disclosed ones. This disclosure was made to the Audit Committee under SEBI takeover regulations.

25Jun 26

CG Power promoters confirm no new encumbrance in FY26

Tube Investments of India Limited confirmed that the promoters of CG Power & Industrial Solutions Limited did not create any new encumbrances during the financial year 2025-26. The disclosure was submitted in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

24Jun 26

CG Power reschedules analyst meet with Jefferies India to June 29

CG Power & Industrial Solutions has rescheduled its meeting with analysts and institutional investors to June 29, 2026. The interaction, which was initially set for June 26, will now be conducted by Jefferies India Private Limited as part of the company's engagement with stakeholders. The one-to-one meeting is subject to changes due to exigencies.

11Jun 26

Macquarie Identifies US$85bn T&D Capex Opportunity, Rates CG Power and Siemens Energy India as Outperform

Macquarie has identified a US$85bn multi-year T&D capex opportunity in India, driven by rising power demand, renewable integration, and grid expansion. The brokerage has assigned Outperform ratings to CG Power and Industrial Solutions with a target price of ₹1090 and Siemens Energy India with a target price of ₹4190. Global high-voltage equipment shortages are seen as creating export and pricing tailwinds for domestic manufacturers. GE Vernova and Hitachi Energy are also highlighted as key beneficiaries of India's energy-transition supercycle.

10Jun 26

CG Power schedules analyst meeting on June 18

CG Power has scheduled a one-to-one meeting with analysts and institutional investors on June 18, 2026, organized by Nomura Financial Advisory & Securities (India) Private Limited. The meeting, pursuant to SEBI regulations, will discuss the company's performance and outlook.

05Jun 26

CG Power to meet IIFL Institutional Equities on June 17

CG Power and Industrial Solutions has scheduled a meeting with IIFL Institutional Equities on June 17, 2026, to provide updates on its operations and performance. The intimation was signed by Company Secretary Sanjay Kumar Chowdhary.

05Jun 26

CG Power commissions EHV switchgear facility in Nashik

CG Power and Industrial Solutions Limited commissioned its Extra High-Voltage Switchgear Manufacturing Facility S3 Unit-II in Nashik on June 4, 2026, adding 7,200 units of annual capacity. The Rs 39.49 crore investment, financed through internal accruals, expands EHV circuit breaker manufacturing capabilities by 80% to meet rising demand. The facility features advanced testing laboratories and sustainable infrastructure, supporting sectors like utilities, railways, and renewable energy.

03Jun 26

CG Power to meet analysts on June 5, 2026

CG Power and Industrial Solutions Limited will engage with analysts and institutional investors on June 5, 2026, in a meeting organized by Citigroup Global Markets India Private Limited to discuss performance and strategy. The schedule was communicated to stock exchanges pursuant to SEBI regulations and is subject to changes due to exigencies.

14May 26

CG Power & Industrial Solutions Records ₹18.35 Crore Block Trade on NSE

CG Power & Industrial Solutions recorded a block trade on the NSE involving approximately 217,962 shares at ₹841.95 per share, amounting to a total value of ₹18.35 crores. Block trades of this magnitude are typically associated with institutional participation and are closely watched by market participants. The transaction highlights significant interest in the stock at the prevailing price level.

13May 26

CG Power Uploads Q4 FY26 Conference Call Transcript

CG Power has disclosed the upload of the transcript for the analyst conference call held on May 6, 2026, following its Board meeting. The company had previously announced record financial results for FY26, with standalone sales growing 21% YoY to INR 11,331 Cr and PAT increasing 39% YoY to INR 1,352 Cr. Consolidated sales for the year rose 25% to INR 12,418 Cr, while the order book reached INR 17,107 Cr.

07May 26

Jefferies Maintains Hold on CG Power, Raises Target Price to ₹745 Amid Mixed Performance

Jefferies has maintained a Hold rating on CG Power & Industrial Solutions while raising its target price to ₹745 from ₹640. The revision reflects strong power segment performance and a robust domestic and export outlook. However, a 17% EBITDA miss driven by semiconductor losses and weak industrial margins has kept the brokerage cautious. The Industrials segment continues to drag on overall profitability, balancing out the positives from the power business.

07May 26

CG Power Confirms No Deviation in QIP Fund Utilisation for Q4FY26

CG Power and Industrial Solutions Limited disclosed no deviation in the utilisation of Rs. 3,000 Crores raised via QIP, with net proceeds of Rs. 2,973.97 Crores after issue expenses of Rs. 26.03 Crores. A total of Rs. 354.77 Crores has been utilised across OSAT facility investment, capital expenditure, and general corporate purposes, as confirmed by the Audit Committee on May 6, 2026.

07May 26

CG Power and Industrial Solutions Schedules 89th Annual General Meeting on July 24, 2026

CG Power and Industrial Solutions announced its 89th Annual General Meeting scheduled for Friday, July 24, 2026, at 03:00 p.m. IST, to be conducted via Video Conference or Other Audio Visual Means. The decision was taken at the Board of Directors meeting held on May 6, 2026, and communicated to BSE Limited and the National Stock Exchange of India Ltd. by Company Secretary Sanjay Kumar Chowdhary.

22Apr 26

CG Power and Industrial Solutions Schedules Board Meeting for FY26 Financial Results Approval

CG Power and Industrial Solutions Limited has scheduled a board meeting for May 6, 2026, to approve audited financial results for the year and quarter ended March 31, 2026. The company has notified BSE and NSE under SEBI Regulation 29. Trading window restrictions for designated persons remain in effect from March 31, 2026, until May 8, 2026, in compliance with insider trading regulations.

22Apr 26

CG Power and Industrial Solutions Receives Revisionary Income Tax Order with Additional Disallowance of Rs.21,43,17,440

CG Power and Industrial Solutions Limited has received a revisionary order under Section 143(3) read with Section 263 of the Income Tax Act, 1961 for Assessment Year 2022-23. The order includes an additional disallowance of Rs.21,43,17,440 on account of set-off of unabsorbed depreciation loss. The company had previously received an original assessment order with a tax demand of Rs.188,78,91,580 in February 2024, which is currently under appeal. The company is evaluating the revisionary order and plans to take appropriate legal steps including filing an appeal.

17Apr 26

CG Power Allots 15,500 Equity Shares Under ESOP 2021, Paid-Up Capital Rises to Rs. 3,14,98,73,498

CG Power and Industrial Solutions Limited allotted 15,500 equity shares under ESOP 2021 on April 17, 2026, at an exercise price of Rs. 595.45 per share to eligible employees. The allotment increased the company's paid-up equity share capital from Rs. 3,14,98,42,498 to Rs. 3,14,98,73,498, comprising 1,57,49,36,749 equity shares of Rs. 2 face value each. The newly allotted shares rank pari-passu with existing equity shares and the company has informed stock exchanges about this development.

16Apr 26

CG Power and Industrial Solutions Executes Rs. 25.81 Crore Block Trade on NSE

CG Power and Industrial Solutions Ltd. completed a significant block trade on NSE worth Rs. 25.81 crores, involving approximately 340,213 shares at Rs. 758.50 per share. The transaction demonstrates substantial institutional activity and represents a notable trading event for the electrical equipment manufacturer. Block trades typically indicate large institutional participation and are executed separately from regular market mechanisms to ensure efficient price discovery.

15Apr 26

CG Power Subsidiary Axiro Semiconductor Invests in EdgeCortix to Advance Next-Generation Edge AI Platforms

CG Power and Industrial Solutions' subsidiary Axiro Semiconductor has invested in EdgeCortix alongside MPower Partners to advance next-generation edge AI platforms. Axiro brings expertise in RF, mmWave, and connectivity IC design across telecom, defense, and industrial applications. EdgeCortix specializes in energy-efficient AI processing with its SAKURA-X chiplet-based platform and Dynamic Neural Accelerator® architecture. The partnership aims to accelerate development in AI-driven infrastructure, industrial systems, and telecommunications applications.

14Apr 26

CG Power Announces Senior Management Changes with New VP Strategic Sourcing Appointment

CG Power and Industrial Solutions Limited has restructured its senior management with effect from April 14, 2026. Mr. Shirish Shah has been appointed as Vice President - Strategic Sourcing in the senior management category, bringing over three decades of experience in procurement and supply chain management. Simultaneously, Mr. Deven Jani will transition from VP Strategic Sourcing to VP i2v & ESG Head, focusing on innovation-to-value initiatives and ESG leadership while ceasing to be part of senior management personnel.

14Apr 26

CG Power and Industrial Solutions Files Quarterly Compliance Certificate for Q4FY26

CG Power and Industrial Solutions Limited submitted its Q4FY26 compliance certificate to BSE and NSE on April 14, 2026, covering the period from January 1 to March 31, 2026. The certificate, issued by registrar Datamatics Business Solutions Limited, confirms compliance with SEBI Regulation 74(5) regarding proper handling of securities for dematerialization, including timely processing and record updates within prescribed timeframes.

02Apr 26

CG Power Completes Divestment of Indonesian Subsidiary PT Crompton Prima Switchgear

CG Power and Industrial Solutions has completed the divestment of PT Crompton Prima Switchgear Indonesia through its Singapore subsidiary CG International Holdings Singapore Pte Ltd. The transaction was formalized on 1st April, 2026, with the signing of a Share Sale and Purchase Deed. Following this completion, the Indonesian entity no longer remains a step-down subsidiary of CG Power, representing a strategic restructuring of the company's international operations.

25Mar 26

CG Power Allots 3,640 Equity Shares Under Employee Stock Option Plan 2021

CG Power and Industrial Solutions Limited allotted 3,640 equity shares under its Employee Stock Option Plan 2021 at Rs. 156.20 per share on March 25, 2026. The allotment increased the company's paid-up equity share capital from Rs. 3,14,98,35,218 to Rs. 3,14,98,42,498, with total equity shares reaching 1,57,49,21,249. The newly issued shares carry equal rights with existing equity shares.

19Mar 26

CG Power Receives Credit Rating Affirmation and New Facility Assignment from India Ratings

CG Power and Industrial Solutions Limited received comprehensive credit rating updates from India Ratings and Research on March 19, 2026. The agency affirmed the company's IND AA+/Stable issuer rating and existing INR 31.21 billion bank loan facilities, while assigning new ratings to INR 14.00 billion bank facilities. The INR 5.00 billion commercial paper programme rating was also affirmed at IND A1+, with the programme yet to be placed and not carved out from working capital limits.

19Mar 26

CG Power Executive Vice President Sriram Rangarajan Resigns Due to Personal Reasons

CG Power and Industrial Solutions Limited announced the resignation of Executive Vice President Sriram Rangarajan from his role as SBU Head-Consumer Product Business, effective March 19, 2026, due to personal reasons. The resignation process began in December 2025, with Mr. Rangarajan initially requesting relief by February 20 but ultimately working until March 19, 2026. The company has properly notified stock exchanges as required under SEBI regulations, with the departure representing a significant change in the consumer products division leadership.

18Mar 26

CG Power Receives Stock Exchange Approval for Promoter Reclassification

CG Power and Industrial Solutions Limited received approval from NSE and BSE on March 18, 2026, for reclassifying Algavista Greentech Private Limited from promoter and promoter group category to public category. The reclassification was processed under SEBI Regulation 31A following the company's application dated January 30, 2026. Both exchanges issued no-objection letters and emphasized continued compliance with disclosure requirements.

18Mar 26

CG Power and Industrial Solutions Schedules Analyst Meeting for March 20, 2026

CG Power and Industrial Solutions Limited has scheduled a one-to-one meeting with analysts and institutional investors for March 20, 2026, organized by Avendus Spark Institutional Equities Private Ltd. The company communicated this schedule to stock exchanges on March 18, 2026, in compliance with SEBI regulations 30(2) and 46(2). The meeting schedule remains subject to changes due to exigencies, as noted in the official communication signed by Company Secretary Sanjay Kumar Chowdhary.

10Mar 26

CG Power Allots 3,000 Equity Shares Under Employee Stock Option Plan 2021

CG Power and Industrial Solutions Limited allotted 3,000 equity shares under ESOP 2021 on March 10, 2026, at Rs. 156.20 per share to eligible employees. The allotment increased the paid-up share capital from Rs. 3,14,98,29,218 to Rs. 3,14,98,35,218, with total shares reaching 1,57,49,17,609. The newly issued shares rank pari-passu with existing equity shares and reflect the company's commitment to employee incentive programs.

07Mar 26

CG Power Shareholders Approve Re-appointment of Independent Director Through Postal Ballot

CG Power and Industrial Solutions Limited concluded its postal ballot on March 6, 2026, with shareholders approving Mr. Sriram Sivaram's re-appointment as Non-Executive Independent Director by 98.60% majority. The e-voting process saw 81.05% participation with 1,276,507,127 votes polled, demonstrating strong shareholder confidence across all categories including unanimous promoter group support.

05Mar 26

CG Power Exits Indonesian Joint Venture, Divests 51% Stake for IDR 1

CG Power and Industrial Solutions has agreed to sell its 51% controlling stake in Indonesian subsidiary PT Crompton Prima Switchgear Indonesia to joint venture partner PT Prima Layanan Nasional Enjiniring for a nominal consideration of IDR 1. The transaction, expected to complete by March 31, 2026, involves a non-operational subsidiary that contributed nil revenue to the parent company, with no adverse financial impact anticipated from the divestment.

03Mar 26

CG Power Allots Additional 6,000 Equity Shares Under ESOP 2021 on March 3, 2026

CG Power and Industrial Solutions Limited executed an additional allotment of 6,000 equity shares under its Employee Stock Option Plan 2021 on March 3, 2026, at an exercise price of Rs. 156.20 per share. This latest allotment increased the company's paid-up equity share capital from Rs. 3,14,98,17,218 to Rs. 3,14,98,29,218, bringing the total number of equity shares to 1,57,49,14,609. The company has maintained regulatory compliance by informing both BSE and NSE about this development.

26Feb 26

CG Power Subsidiary CPSI Sells Factory Assets to Indonesian Partner for IDR 155 Billion

CG Power And Industrial Solutions has disclosed the sale of factory assets belonging to its non-operating subsidiary PT Crompton Prima Switchgear Indonesia (CPSI) to Indonesian partner PT Prima Layanan Nasional Enjiniring for IDR 155.00 billion. The transaction involves complete divestment of manufacturing infrastructure and is expected to complete by March 31, 2026, with proceeds used to settle external liabilities and shareholder loans without adverse financial impact.

07Feb 26

CG Power Allots 10,000 Equity Shares Under Employee Stock Option Plan 2021

CG Power and Industrial Solutions Limited allotted 10,000 equity shares under ESOP 2021 on February 6, 2026, at an exercise price of Rs. 156.20 per share to an eligible employee. The allotment increased the company's paid-up equity share capital from Rs. 3,14,97,85,218 to Rs. 3,14,98,05,218, with total shares now standing at 1,57,49,02,609 equity shares of Rs. 2.00 face value each. The newly allotted shares rank pari-passu with existing equity shares and the company has informed both BSE and NSE about this corporate action.

30Jan 26

CG Power Subsidiary Secures ₹433 Crore Kavach Contract for Train Collision Avoidance System

CG Power & Industrial Solutions' subsidiary G.G. Tronics India has won a ₹433 crore contract from Chittaranjan Locomotive Works for the Kavach train collision avoidance system. The contract includes supply, installation, testing, and commissioning services, along with an 11-year Annual Maintenance Contract, positioning the company as a key player in India's railway safety modernization initiative.

29Jan 26

CG Power Receives Stay Order on Rs 33.02 Crore Tax Demand from Income Tax Department

CG Power and Industrial Solutions Limited received a stay order on January 29, 2026, from the Income Tax Department regarding a Rs 33,01,61,769 tax demand for Assessment Year 2020-21. The company must pay 20% of the demand in six instalments of Rs 1,10,00,000 each, while the balance remains stayed until appeal disposal. The company has filed an appeal before the Income Tax Appellate Tribunal challenging the original assessment order received on November 18, 2025.

29Jan 26

CG Power Secures Stay on Rs 365.37 Crore Tax Demand with 20% Payment Condition

CG Power and Industrial Solutions Limited secured a stay order on January 29, 2026, for a tax demand of Rs 365.37 crore related to Assessment Year 2018-19. The company must pay 20% of the disputed amount in six instalments, with five instalments of Rs 9 crore each and a sixth instalment covering the balance after refund adjustments. The stay remains effective while the company's appeal is pending before the Income Tax Appellate Tribunal, Mumbai, providing operational relief during the legal process.

29Jan 26

CG Power Receives Updated Stay Order on Rs. 467.76 Crore Tax Demand

CG Power and Industrial Solutions Limited received an updated stay order dated 29th January, 2026 requiring additional payment of Rs. 28,13,23,489 in three instalments for its tax demand case. The original tax demand of Rs. 4,67,75,96,840 for Assessment Year 2021-22 led to an appeal before ITAT Mumbai and initial stay order on 22nd August, 2025. The revised payment amount reflects adjustments for tax refunds of Rs. 23,41,95,879, with stay protection continuing until the tribunal disposes of the pending appeal.

28Jan 26

CG Power Nears EV Motor Approval Completion, Passenger Trials to Begin in 4-5 Weeks

CG Power & Industrial Solutions is nearing completion of regulatory approvals for its EV motor and controller systems, with passenger trials set to begin in 4-5 weeks. The company's brownfield switchgear expansion project is also approaching completion and is expected to generate around INR 400 crores in additional revenue. These developments highlight the company's strategic progress in both electric mobility solutions and traditional power infrastructure expansion.

28Jan 26

CG Power Reports Over 50% Growth in Export Order Pipeline for Power Sector

CG Power & Industrial Solutions has achieved remarkable growth in its export business, reporting more than 50% increase in export order pipeline for the power sector over the last nine months. This significant expansion demonstrates the company's strengthening international market position and ability to capture global opportunities in the power equipment sector.

28Jan 26

CG Power Accelerates Transformer Capacity Expansion with New Facility Plans

CG Power & Industrial Solutions has announced accelerated expansion plans for its transformer manufacturing capacity, moving ahead of schedule to increase capacity from 40,000 MVA to 65,000 MVA. The company is also planning a new facility that will add 10,000-20,000 MVA capacity within 2 to 3 quarters, demonstrating strong commitment to meeting growing power infrastructure demand.

28Jan 26

CG Power OSAT Mini Plant M1 to Begin Sales in Two Quarters, M2 Plant Operational by December 2026

CG Power & Industrial Solutions has outlined operational timelines for its OSAT facilities. The Mini Plant M1 will begin sales in two quarters with strong performance expected in 2-3 quarters. The larger M2 plant will be operational by December 2026, starting operations in Q4 of the next financial year. This represents a strategic expansion into semiconductor assembly and testing services.

28Jan 26

CG Power Anticipates Sustained Growth in Power Transmission Sector Until 2029

CG Power & Industrial Solutions expects continued growth in the power transmission sector until 2029 and potentially beyond, driven by government infrastructure and power generation initiatives. The company's positive outlook reflects confidence in sustained government investment in power sector development and infrastructure modernization projects.

27Jan 26

CG Power Reports No Deviation in Rs. 3,000 Crores QIP Fund Utilisation for Q3 FY26

CG Power and Industrial Solutions has filed its Q3 FY26 compliance report confirming no deviation in utilisation of Rs. 3,000 crores QIP funds raised in July 2025. The company has utilised Rs. 274.37 crores out of net proceeds of Rs. 2,973.97 crores, primarily investing Rs. 184.67 crores in subsidiary CG Semi for OSAT facility development and Rs. 63.44 crores for power transformer plant setup. CARE Ratings Limited monitors the fund utilisation with no adverse comments from auditors or Audit Committee.

27Jan 26

CG Power & Industrial Solutions Reports 18.75% Growth in Q3 Consolidated Net Profit

CG Power & Industrial Solutions reported consolidated net profit of ₹2.85 billion in Q3, up 18.75% from ₹2.40 billion in the same quarter last year. The ₹0.45 billion increase demonstrates strong operational performance and effective business execution. This positive growth trajectory reflects the company's improved profitability and solid market positioning in the industrial solutions sector.

22Jan 26

CG Power Allots 15,000 Equity Shares Under ESOP 2021 at ₹156.20 Per Share

CG Power and Industrial Solutions Limited allotted 15,000 equity shares under ESOP 2021 at ₹156.20 per share on January 22, 2026. The allotment increased the company's paid-up share capital from ₹314.98 crores to ₹314.98 crores, with total outstanding shares reaching 15.75 crore equity shares of ₹2.00 face value each. The newly issued shares carry equal rights with existing shares.

19Jan 26

CG Power and Industrial Solutions Schedules Q3FY26 Earnings Conference Call for January 27, 2026

CG Power and Industrial Solutions Limited has scheduled its Q3FY26 earnings conference call for January 27, 2026, at 3:30 PM IST, organized in partnership with IIFL Capital. The call will feature comprehensive management participation including MD & CEO Amar Kaul, CFO Susheel Todi, and senior executives from all major business divisions covering Drives & Automation, Switchgears, Transformers, Railways, Motors, and Consumer Products. The discussion will focus on financial performance for the nine months and quarter ended December 31, 2025, with multiple access options provided for domestic and international participants, followed by an interactive Q&A session.

19Jan 26

CG Power Board Meeting Scheduled for January 27, 2026 to Consider Interim Dividend Declaration

CG Power and Industrial Solutions Limited has scheduled a board meeting for January 27, 2026, to consider declaring an interim dividend for FY 2025-26. The company informed BSE and NSE about the meeting under SEBI Regulation 29 requirements. Trading window for designated persons remains closed until January 29, 2026, in compliance with insider trading regulations.

19Jan 26

CG Power Secures ₹900 Crore Order from Tallgrass, Enters US Data Center Market

CG Power & Industrial Solutions has secured a major ₹900 crore order from Tallgrass, enabling its strategic entry into the fast-growing US data center market. This significant contract demonstrates the company's competitive capabilities in international markets and represents substantial diversification of its business portfolio beyond traditional sectors.

08Jan 26

CG Power and Industrial Solutions Schedules Board Meeting for Q3FY26 Financial Results on January 27, 2026

CG Power & Industrial Solutions has announced a Board of Directors meeting scheduled for January 27, 2026, to review and approve Q3FY26 unaudited financial results for both standalone and consolidated basis covering the nine months and quarter ended December 31, 2025. The company has confirmed that the trading window for designated persons remains closed and will continue until 48 hours after the publication of financial results, in compliance with SEBI insider trading regulations.

08Jan 26

CG Power and Industrial Solutions Executes ₹17.04 Crore Block Trade on NSE

CG Power and Industrial Solutions witnessed substantial institutional activity with a block trade worth ₹17.04 crores on NSE. The transaction involved 265,609 shares at ₹641.50 per share, reflecting strategic positioning by large investors in the capital goods company.

02Jan 26

CG Power and Industrial Solutions Announces Senior Management Changes in Railway Business Division

CG Power and Industrial Solutions Limited announced senior management changes in its railway division, with Mr. Chidambaram Balakrishnan resigning as VP-Railways on January 1st, 2026, due to personal reasons. The company appointed Mr. Dhananjay Bapat as the new VP-Railway Business effective January 2nd, 2026. Mr. Bapat brings 27 years of experience across manufacturing, sales, marketing, and P&L management, along with HBX certifications and engineering qualifications. The company has duly informed stock exchanges about these changes in compliance with SEBI regulations.

30Dec 25

CG Power Extends December ESOP Drive with Third Share Allotment on Dec 30

CG Power & Industrial Solutions has completed three ESOP allotments in December 2025, with the latest 5,000 shares allotted on December 30 at Rs. 156.20 exercise price. The company also strengthened leadership by appointing Ms. Vrushali Kedar Gadkari as Chief Human Resources Officer, leveraging her 21 years of cross-sector HR experience to support organizational growth.

18Dec 25

CG Power Receives Second Reclassification Request from Algavista Greentech

CG Power has received two separate reclassification requests from former promoter group entities. The latest from Algavista Greentech Private Limited follows E.I.D.-Parry's complete stake sale, while an earlier request came from Coromandel Engineering Company Limited after its divestment through a Share Purchase Agreement.

17Dec 25

CG Power in Preliminary Talks with Apple for iPhone Component Assembly

CG Power & Industrial Solutions is reportedly in preliminary discussions with Apple regarding the assembly and packaging of iPhone components in India. These exploratory talks are part of Apple's strategy to expand its manufacturing presence in India. For CG Power, this represents a potential opportunity to diversify into consumer electronics manufacturing. The discussions are in early stages, focusing on CG Power's capabilities to meet Apple's technical requirements.

05Dec 25

CG Power Receives Warning Letters from NSE and BSE for Delayed Disclosure in Promoter Reclassification

CG Power & Industrial Solutions has received warning letters from NSE and BSE for violating SEBI regulations by delaying the disclosure of their promoter reclassification application by 3 days. Despite the delay, both exchanges approved the reclassification with formal warnings. The company is required to disseminate the warning letters, present them to the Board of Directors, and implement corrective measures. CG Power has committed to ensuring compliance with SEBI regulations going forward.

05Dec 25

CG Power Receives Stock Exchange Approval for Promoter Group Reclassification

CG Power & Industrial Solutions has obtained approval from NSE and BSE to reclassify Coromandel Engineering Company Limited and Yanmar Coromandel Agrisolutions Private Limited from its promoter group. The application was made on November 2 and approved on December 5. Both entities held no shares in CG Power prior to the reclassification.

25Nov 25

CG Power Sees Block Trade of 3.75% Stake

CG Power & Industrial Solutions experienced a significant block trade involving 3.75% of its equity, valued at approximately Rs 850 crore ($102 million). The transaction occurred at a price range of Rs 385.00 to Rs 386.85 per share. Following the news, the company's stock fell by 4.5%, closing at Rs 379.40 on the BSE. Despite this decline, CG Power's stock has shown a strong performance over the past year with an approximate 70% increase.

19Nov 25

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

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.

18Nov 25

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

CG Power & Industrial Solutions has received a tax assessment order from the Income Tax Department for the Assessment Year 2020-21, demanding Rs 33.02 crore due to various disallowances and additions. The company plans to file appeals against the order, expressing confidence in its position based on legal precedents and opinions. This assessment follows a Bombay High Court order directing the CBDT to allow CG Power to file revised income tax returns for FY 2014-15 to 2019-20 based on recast accounts.

10Nov 25

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

CG Power & Industrial Solutions has utilized Rs 179.12 crore of its Rs 3,000 crore Qualified Institutional Placement (QIP) proceeds as of September 30, 2025, with no deviations from stated objectives. The remaining Rs 2,820.88 crore is invested in fixed deposits and mutual funds. Major allocations include Rs 1,062.85 crore for a semiconductor assembly facility, Rs 856.98 crore for capital expenditure, and Rs 330 crore for acquisitions. The company aims to complete fund utilization by Fiscal 2029, with implementation currently on track.

03Nov 25

Semiconductor Production Kicks Off at Kaynes and CG Power Plants

Ashwani Vaishnaw announced the start of semiconductor production at manufacturing facilities operated by Kaynes and CG Power & Industrial Solutions. This marks a significant step in India's efforts towards self-reliance in semiconductor manufacturing. The development could potentially reduce import dependency, strengthen local supply chains, and boost India's position in the global semiconductor market.

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.

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.

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