CG Power and Industrial Solutions Limited — QIP/Rights/Pref., 21-10-2024: Institutional Placement Programme

CG Power and Industrial Solutions Limited reported its financial results for the second quarter and half-year ended September 30, 2024. The board approved a capacity expansion for Power Transformers from 35,000 MVA to 40,000 MVA with an additional investment of Rs. 26.64 crore. They plan to raise up to Rs. 3,500 crore through a qualified institutions placement. The company also acquired a controlling stake in G.G. Tronics India for Rs. 319.38 crore, enhancing its operations in railway signaling systems.