CG Power and Industrial Solutions Limited — Updates, 27-11-2024: Press Release

G.G.Tronics India Private Limited, a subsidiary of CG Power and Industrial Solutions Limited, has secured a significant KAVACH order from Chittaranjan Locomotive Works, valued between ₹500 crores to ₹600 crores. The order involves the supply, installation, testing, and commissioning of On-board KAVACH equipment, compliant with RDSO specifications, along with annual maintenance for 11 years. GGT, with over 21 years of experience, offers advanced electronic safety systems for the railway sector, including the Train Collision Avoidance System. The execution timeframe for this contract is set for one year, marking a notable win that could positively impact GGT’s revenue stream and strengthen its positioning in the railway electronic signalling market. Investors should watch closely as this order reflects GGT's established reputation and operational capabilities.