CG Power and Industrial Solutions Limited — Important, 21-10-2024: Financial Result Updates

CG Power and Industrial Solutions Limited reported its unaudited financial results for Q2 and the first half of FY 2024-25. Revenues increased to ₹2,270.19 crore, marking a significant rise from the previous year. The company approved an additional ₹26.64 crore investment to expand its Power Transformer capacity to 40,000 MVA. Additionally, they plan to raise up to ₹3,500 crore through a Qualified Institutional Placement. The acquisition of G.G. Tronics India has also been completed, enhancing their market presence in railway safety systems.