CG Power

The Sanand Facility, where CG Power's CG Semi plans to invest up to Rs 7,600 crore, is being built in partnership with Renesas Electronics Corporation and Thailand's Stars Microelectronics

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Murugappa Group scion says India needs a China-style sectoral roadmap for growth, bets big on semiconductors and EVs

Consolidated revenue was up 26 per cent to ₹2750 crore, operating profit grew 28 per cent to ₹360 crore while net profit rose 23 per cent Y-o-Y to ₹290 crore

CG Power and Industrial Solutions Ltd on Tuesday reported a 17 per cent year-on-year (y-o-y) rise in consolidated net profit to Rs 274.26 crore in the March quarter, on account of higher income. It had posted a net profit (profit after tax) of Rs 233.81 crore in the January-March period of the preceding financial year 2023-24, the company said in an exchange filing. The company's total income rose to Rs 2,824.19 crore from Rs 2,239.83 crore in the year-ago quarter. For the entire FY25, the profit was at Rs 972.98 crore, down from Rs 1,427.61 crore in FY24. Total income rose to 10,070.83 crore from Rs 8,152.24 crore in FY24. In a separate statement, the company said the consolidated results include the performance of the operating subsidiaries in Sweden, Germany, and Netherlands (Drives and Automation Europe), CG Adhesives Products Ltd (India), CG Semi Pvt. Ltd (India), GG Tronics India Pvt Ltd, Axiro Semiconductor Private Ltd, and other non-operating subsidiaries. In the March ..

CG Power and Industrial Solutions on Wednesday said it has received approval from the Committee on Foreign Investment in the United States for a USD 36 million deal to acquire the Radio Frequency (RF) components business of Japan-based Renesas Electronics Corporation. "The regulatory approval from the Committee on Foreign Investment in the United States has been obtained on 10th March, 2025 and received by us on 11th March, 2025," a regulatory filing said. Earlier in October, CG Power and Industrial Solutions has inked a pact to acquire the Radio Frequency (RF) components business of Japan-based Renesas Electronics Corporation for a cash consideration of USD 36 million. An asset purchase agreement was executed on October 4, 2024 between CG and Renesas Electronics America Inc, a subsidiary of Renesas, and other affiliated entities of Renesas, that have assets in the RF components business. As per the pact, Murugappa Group firm CG Power will acquire Intellectual Property (IP), tangib

CG Power and Industrial Solutions on Tuesday said it has secured an order of Rs 450 crore for supply of railway products for Vande Bharat trainsets. Apart from this purchase order, a separate 35-year service order is also a part of the long-term agreement, a company statement said. " CG Power and Industrial Solutions Ltd (CG) has entered into a long-term supply agreement with Kinet Railway Solutions Limited for supply and servicing of railway products including propulsion kits with motors, transformers and various other items," the company said in a BSE filing. The first purchase order, ranging between Rs 400-450 crore, has been secured by the company for supply of railway products for 10 Vande Bharat trainsets. Since its inception 86 years ago, CG has established a strong foothold in the railway industry, offering a comprehensive portfolio that includes traction machines & systems, rail transportation traction electronics, among others. The company is a leader in the Electrical .

CG Power shares have dropped around 18 per cent in the last six months, while they surged 32 per cent over the last one year

CG Power and Industrial Solutions on Tuesday reported an over 68 per cent decline in its consolidated net profit at Rs 237.85 crore in December 2024 quarter on account of adjusted earnings from discontinued operations. The company had reported a consolidated net profit of Rs 747.67 crore in the quarter ended December 2023. According to the company's regulatory filing, a profit after tax of Rs 551.07 crore from discontinued operations had added to its consolidated earnings in the corresponding quarter a year ago. In the latest third quarter, the profit from continuing operations at Rs 237.85 crore was 21 per cent higher from Rs 196.60 crore earnings recorded in the year-ago quarter. Total income rose to Rs 2,549.28 crore in the reporting quarter from Rs 2,006.79 crore a year ago. The company said its board has approved setting up of a transformer manufacturing unit of 45,000 MVA capacity in western India at an estimated cost of Rs 712 crore. The project will be primarily funded th

Shares of CG Power and Industrial Solutions surged up to 2.63 per cent at Rs 754.80 per share on the NSE in Wednesday's intraday deals

Recently, CG Power entered a corrective phase, leading to a healthy 175-point pullback, which represents about a 20 per cent decline from its recent high

Management expects power transformer capacity to reach 35k MVA by March 2025 and shared plans to take it to 40k MVA

CG Power's share price rose after the company announced that it has inked a deal to acquire Radio Frequency (RF) Components business of Renesas for $36 million in an all-cash deal

CG Power and Industrial Solutions has completed the acquisition of G G Tronics for Rs 319 crore, the company said. In a BSE filing on Tuesday, the company said it has completed the acquisition of G G Tronics on August 20. Last month, the company entered into definitive agreements for acquisition of 55 per cent stake of GG Tronics through a combination of purchase of equity shares from GGT promoters and by way of subscription to compulsorily Convertible Preference Shares for an aggregate consideration of Rs 319.38 crore. Pursuant to the completion of the said acquisition, GG Tronics is now a subsidiary of the company with effect from August 20, 2024, it said.

CG Power and Industrial Solutions Ltd on Wednesday reported a 21 per cent hike in its standalone profit after tax of Rs 232.13 crore for the April-June 2024 quarter. The company, part of the diversified conglomerate Murugappa Group, had registered a profit after tax of Rs 192.06 crore during the corresponding quarter of last year. For the financial year ending March 31, 2024 the standalone profit after tax stood at Rs 1,004.36 crore. Total standalone income during the quarter under review grew to Rs 2,139.76 crore from Rs 1,791.91 crore registered in the corresponding quarter of last year. For the financial year ending March 31, 2024 the standalone total income stood at Rs 7,760.80 crore. In a statement, the company said the aggregate sales for the quarter were higher at Rs 2,106 crore recording a growth of 19 per cent year-on-year. Margins were higher at 15.4 per cent of sales on account of higher realisations, favourable product mix and cost efficiencies in power ...

Kaul has over 30 years of total work experience, 12 years of which has been overseas experience

At 10:16 AM, all constituents of the BSE Power Index were trading in negative territory

The company registered standalone profit after tax (PAT) of Rs 240.59 crore for Q4FY24, slightly higher than Rs 240.23 crore from the corresponding period last year

The joint venture between CG Power, Renesas Electronics Corp and Stars Microelectronics (Thailand) will set up an outsourced semiconductor assembly and test (OSAT) facility in India