CG Power and Industrial Solutions Limited — Updates, 11-03-2025: Press Release

CG Power and Industrial Solutions Ltd has secured a significant long-term supply agreement with Kinet Railway Solutions Limited for railway products, including propulsion kits and transformers. The initial purchase order is valued between Rs. 400 crores to Rs. 450 crores for the supply of products for 10 Vande Bharat trainsets. Additionally, this agreement includes a 35-year service order, indicating a robust commitment to the rail sector.

With over 86 years of experience in the Railway Industry, CG's portfolio encompasses complete railway propulsion systems and signalling products. The company's consolidated revenue for FY24 was Rs. 8,046 crores, showcasing solid financial health. This order positions CG to further capitalize on growth opportunities in the railway market, enhancing its reputation for innovation and sustainability. Investors should watch closely for the potential positive implications this could have for CG’s future performance.