CG Power and Industrial Solutions Limited — Updates, 21-10-2024: Press Release

CG Power and Industrial Solutions Ltd reported a strong Q2 FY2024-25, with sales soaring 19% year-over-year to ₹2,270 crores and a robust order backlog of ₹7,831 crores, up 50% YoY. Adjusted PBT stood at ₹334 crores, despite strategic expenses impacting margins. Noteworthy developments include the acquisition of a 55% stake in G.G. Tronics and plans for semiconductor entry. The company also announced an expansion of power transformer capacity, anticipating increased demand.