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Latest news about CG Power & Industrial Solutions

CG Power and Industrial Solutions Secures Largest Single Order Worth ₹641 Crore from Power Grid 2 days ago

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.

CG Power Sees Major Block Trade Worth ₹100.75 Crore on NSE 8 days ago

CG Power Clarifies Stance on Joint Venture Project Amid Misrepresentations Jun 06, 2025

CG Power's Acquisition Plans for BTW India Hit Roadblock May 08, 2025

CG Power Reports Strong Order Backlog and Q4 Results, Stock Drops 8% on Margin Contraction May 06, 2025

More news about CG Power & Industrial Solutions

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.