CG Power and Industrial Solutions Limited — Board Meeting, 28-01-2025: Outcome of Board Meeting

The Board of Directors approved the financial results for the quarter and half-year ended December 31, 2024. Key highlights include a total income of ₹2549.28 Cr, with a profit after tax of ₹237.85 Cr. Additionally, the establishment of a new greenfield transformer manufacturing facility with a capacity of 45000 MVA in Western India was sanctioned, projected to cost ₹712 Cr. The board also appointed Mr. Mammen Chally as a Non-Executive Independent Director for a five-year term, pending shareholder approval. The meeting concluded with a focus on strategic growth and operational improvements.