In Short : CG Power and Industrial Solutions delivered a strong performance in the third quarter of FY26, reporting a 19% rise in net profit to ₹284 crore and a 26% increase in revenue. The growth reflects robust demand across key electrical and industrial segments, improved operational efficiencies, and sustained momentum from infrastructure and industrial […]
CG Power Secures Major Export Win with Transformer Supply for US Data Centre – EQ
In Short : CG Power has secured a significant export order worth approximately ₹900 crore to supply power transformers for a large data centre project in the United States. The order highlights the company’s growing global footprint and reflects rising international demand for high-quality power equipment driven by rapid expansion of data centres and digital […]
CG Power Lines Up Rs 135 Crore Capital Expenditure in Current Financial Year
The capex plan would be utilised to improve production at its manufacturing facilities, CG Power and Industrial Solutions said in a statement. New Delhi: CG Power and Industrial Solutions, acquired by the Tube Investments of India group company of Murugappa Group last year, has chalked out capital expenditure plans of Rs 135 crore during the […]
Murugappa Group takes over CG Power, appoints directors
CG Power said its entire board including non-executive chairman Ashish Guha and whole-time executive director Sudhir Mathur have resigned. NEW DELHI: Chennai-based Murugappa Group on Thursday took over scam-hit CG Power and Industrial Solutions, infusing Rs 700 crore into the company and appointing directors on its board. CG Power in a stock exchange filing said […]
CG Power board okays Rs 100 cr additional infusion by Tube Investment
Murugappa-Group led Tube Investments which will take up control of the company, has offered additional investment to help the company meet its liabilities, stabilising its operations and improving its liquidity position Mumbai: The Board of CG Power and Industrial Solutions has approved the offer of additional investment of Rs 100 crore by Tube Investments. In […]
CG Power board sacks Gautam Thapar as its chairman with immediate effect
On August 20, the company had stated that an investigation instituted by its board had found major governance and financial lapses in the company NEW DELHI: CG Power & Industrial Solutions on Thursday said its board has sacked Gautam Thapar as its chairman with immediate effect after an investigation that unearthed a multi-crore financial scam […]
Investors, lenders want tycoon Gautam Thapar removed as Chairman of CG Power
The company had in a regulatory filing on August 20 stated that an investigation instituted by its board had found major governance and financial lapses New Delhi: Investors and lenders of power equipment maker CG Power & Industrial Solutions Ltd want tycoon Gautam Thapar to be removed as chairman of the company after an investigation […]
CG Power bags contract for 400-MW wind farm in Saudi Arabia
With an installed capacity of 400 megawatt, Dumat Al Jandal will be Saudi Arabia’s first large-scale onshore wind farm and the largest so far in the Middle East Mumbai: CG Power and Industrial Solutions Ltd has bagged a contract valued at 12.5 million euros (about Rs 96 crore) for high-voltage substations that will connect the […]
