CG Power and Industrial Solutions Limited — Board Meeting, 21-10-2024: Outcome of Board Meeting

CG Power and Industrial Solutions Limited reported strong financial performance for the second quarter, with a revenue increase to ₹2,270.19 crore, up from ₹1,900.14 crore year-over-year. The Board approved plans for additional capacity expansion of Power Transformers to 40,000 MVA, requiring an investment of ₹26.64 crore, driven by anticipated demand. Additionally, the company plans to raise up to ₹3,500 crore through a qualified institutional placement. The acquisition of a controlling stake in G.G. Tronics further enhances its strategic position.