Latest news with #CGPowerandIndustrialSolutionsLtd
Time of India
8 hours ago
- Business
- Time of India
CG Power bags its biggest-ever order worth ₹641 crore from Power Grid Corporation
Engineering company CG Power and Industrial Solutions Ltd has secured an order for the supply and servicing of 765kV Transformer package 7TR-12 Bulk by the Power Grid Corporation of India Ltd. The total value of supply of goods including services is around Rs 641 crore, becoming the first single largest order bagged by CG Power and Industrial Solutions Ltd. The supply of the goods is expected to be completed in 18 to 36 months, CG Power and Industrial Solutions, a group company of city-based diversified conglomerate Murugappa Group said in a BSE Filing. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Transform Your Child's Confidence with Our Public Speaking Program Planet Spark Book Now Undo CG Power and Industrial Solutions Ltd said, it has been awarded '765 kV Transformer Package 7TR-12-Bulk for procurement of 765/400 kV 1-ph transformers under Corporate Package for the procurement of 765 kV and 400kV class Transformers and Reactors of various capacities with revised Methodology Lot-4', by the Power Grid Corporation of India Ltd. CG Power has world-class manufacturing plants across 9 locations in the country. It also has a factory in Sweden. The company employs about 3,113 people. Live Events In FY2025, the CG Power's consolidated revenue stood at Rs 9,909 crore, the company said.
Business Upturn
9 hours ago
- Business
- Business Upturn
CG Power bags Rs 641 crore order from Power Grid for 765kV Transformer Package
By Aman Shukla Published on June 17, 2025, 14:58 IST CG Power and Industrial Solutions Ltd. (CG), a key player in the electrical engineering sector, has secured a significant order from Power Grid Corporation of India Limited (PGCIL) under its Corporate Package for high-voltage transformers and reactors. The order, valued at approximately ₹641 crore (USD 74 million), pertains to the 765kV Transformer Package 7TR-12-Bulk under Lot-4 of PGCIL's revised procurement methodology. It includes the supply of 765/400 kV single-phase transformers. The delivery timeline for the equipment spans between 18 and 36 months. This marks the highest single order ever received by CG Power. Headquartered in India, CG Power has a long-standing presence in the transformer segment, offering a broad portfolio of power and distribution transformers and reactors. The company designs and manufactures transformers ranging from 25 kVA to 1500 MVA and up to 765kV class. It also produces reactors from 10 MVAr to 125 MVAr and voltages up to 765kV. CG's products adhere to global standards, including IEC, ANSI, IS, and BS, and serve various sectors such as power utilities, industrial users, process industries, railways, mining, and state electricity boards. Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
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Business Standard
06-05-2025
- Business
- Business Standard
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 quarter, aggregate sales rose 26 per cent Y-O-Y to Rs 2,753 crore. While the aggregate sales for FY25 registered Y-O-Y growth of 23 per cent to Rs 9,909 crore. The company's order intake for FY25 was Rs 14,684 crore, marking 40 per cent Y-O-Y growth, and the unexecuted order backlog as of March 31 2025 stood at Rs 10,631 crore, up 66 per cent from the previous year. Part of Murugappa Group, CG Power and Industrial Solutions is a leading player in the electrical engineering industry and offers a diverse portfolio of products, solutions, and services for Power and Industrial equipment.
