CG Power and Industrial Solutions Limited — Others, 28-01-2025: Appointment

CG Power and Industrial Solutions Limited has announced a board meeting outcome detailing several significant updates. The board approved the unaudited financial results for the third quarter and nine months ended December 31, 2024, showcasing a total income of ₹2420.13 crore, an increase from ₹1914.86 crore in the previous year. Additionally, the company will establish a greenfield transformer manufacturing facility in Western India, with an estimated cost of ₹712 crore, projected for completion by FY 2027-28. Mr. Mammen Chally has been appointed as a Non-Executive Independent Director for five years, which could enhance governance and strategic oversight. This announcement presents a positive outlook for investors, particularly given the financial results and expansion plans which indicate growth potential.