Cg Power

CG Power and Industrial Solutions Q2 profit jumps 44% to ₹409 crore

CG Power and Industrial Solutions on Friday posted 44 per cent jump in consolidated net profit at Rs 409.09 crore for September quarter FY27, supported by higher revenues. The Mumbai-headquartered entity had clocked a profit after tax (PAT) of Rs 284.44 crore in the year-ago period, it said in an exchange filing. During the quarter, the company's total income increased to Rs 3,883.25 crore from Rs 2,988.89 crore in Q2 FY26. From power systems segment, the revenue was Rs 1,766.76 crore as against Rs 1,254.49 crore in the year-ago quarter. The industrial systems business contributed a revenue of Rs 1,868.61 crore in the quarter as against Rs 1,533.33 crore in July-September FY26. The company's board approved enhancing capex investment for the GIS brownfield project at Vilholi, Nashik, from Rs 35.17 crore to Rs 44.62 crore. It also gave nod to invest Rs 15.31 crore to enhance EHV (extra high voltage) circuit breaker manufacturing capacity by 3,600 units (annually) at S3 Unit-II ...

Stocks to buy today: Ashok Leyland among Religare Broking's top three picks

Ajit Mishra of Religare Broking recommends Ashok Leyland, CG Power, and Nalco as top stock picks, noting that short-term momentum has strengthened.

India semiconductor push gathers pace; Equirius flags full-stack transition

In India, CG Power, and Kaynes Technology, through CG Semi and Kaynes Semicon, are the two listed companies with direct exposure to semiconductor manufacturing

Margin expansion, capex completion may drive more gains for CG Power

CG Power hits record highs on strong order inflows and capacity expansion, but rich valuations leave little room for execution misses

Citi bets on electric equipment makers; picks Hitachi, GE Vernova, CG Power

Citi estimates that HVDC-related investments represent an opportunity of around ₹1.6 trillion as India works toward integrating 900 GW of renewable energy capacity by FY36.

Power index hits new high, zooms 24% in 2 mths; BHEL, CG Power at new peaks

Siemens Energy, CG Power and Industrial Solutions, GE Vernova T&D India, Thermax, ABB India, Hitachi Energy India, Siemens and Adani Green Energy were up in the range of 4-8% in Wednesday's trade.

Power stocks in demand; Hitachi, Siemens Energy, GE Vernova soar up to 9%

The T&D value chain, particularly segments focused on high voltage transformers, continues to benefit from a robust capex outlay, say analysts at Motilal Oswal.

CG Power, Apollo Hospitals among 3 stock ideas by Axis Direct

Analysts at Axis Direct recommend a buy on Apollo Hospitals, Amber Enterprises and CG Power in their weekly stock picks, for a potential upside up to 19 per cent.

Nifty strategy, May 6: Key levels; L&T Finance, CG Power among top picks

After Monday's rise, the Nifty fell 86 points on Tuesday to close at 24,032. It opened 69 points lower and extended its losses by another 170 points during the first half of the session

T&D enters multi-year growth phase; Siemens Energy, CG Power top picks

The domestic opportunity is anchored by the National Electricity Plan, which envisages nearly ₹9 trillion of transmission investments through FY32.

Dividend stocks: CAMS, Coforge, 10 others to remain in focus today; details

Dividend stocks today: Here is the complete list of stocks that will remain in focus during today's trading session following their decision to reward their shareholders with dividend payouts

Strong order book, execution key triggers for CG Power stock ahead

CG Power shares surged nearly 10% as strong Q3 results, a robust ₹15,750-crore order book and EU market access boosted investor confidence

CG Power turnaround: Culture, timing and execution behind a rare revival

CG Power's market dominance (25 per cent market share in motors) even in times of constraint, spoke of their product quality.

CG Power in talks with global firms to package chips at Sanand facility

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

Apollo Tyres, MRF among top stocks to buy today; check key levels here

Apollo Tyres has given a breakout from its Inverse Head and Shoulders pattern. The stock closed with a positive bias on higher volumes, indicating strong buying interest.

Stock market close highlights: Sensex drops 542 pts, Nifty at 25,062; IT, realty weigh

Sensex Today | Stock Market close highlights on Thursday, July 24, 2025: In the broader markets, the Nifty MidCap 100 index, and the Nifty SmallCap 100 index dropped 0.58 per cent and 1.09 per cent

India needs to develop a broader semiconductor ecosystem over time: Subbiah

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

Margin trajectory among key triggers for CG Power and Industrial Solutions

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 Q4 results: Net profit rises 17% to ₹274 crore on higher income

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 gets nod for $36 mn deal to acquire Renesas Electronics business

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