CG Power & Industrial Solutions Ltd News

CG Power shares rise after bagging 'KAVACH' order from Indian Railways

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

RVNL, Polycab, CG Power: Technical view on stocks that may turn large-caps

Nuvama Alternative & Quantitative Research in its early predictions on AMFI semi-annual categorization expects RVNL, Polycab India and 5 other stocks to be upgraded to large-caps.

CG Power to buy RF components business of Renesas for $36 mn; share up 3%

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 completes acquisition of G G Tronics for Rs 319 cr

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 Q1 results: Net profit rises 21% to Rs 232.13 cr as sales increase

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 ...

Defence, rail shares under pressure; HAL, Siemens, ABB down up to 7%

Defence, railways stocks in focus: In the past one month, most of these stocks had hit their respective record highs

Amar Kaul appointed as MD & CEO of CG Power for a period of five years

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

CG Power, K Raheja Corp ink agreement to develop Mumbai land; stock up 8%

The developer has to complete the entire construction and development of the 'new building'; the company and the developer shall be entitled to an equal share, i.e., 50% in the new building.