CARE reports no deviation in QIP fund use; Rs 157.74 crore spent in Q2

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CGPOWER · price

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Price reactionminutes from the announcement price · days from the prior close

+2.2%Reaction day

₹813.35

prior close

₹830.00

announcement price

After-mkt

timing

Nifty 100market+0.7%+1.5% vs market

Heavy Electrical Equipment peers, median of 34sector+1.5%+0.7% vs sector

On the reaction day the stock moved 1.5 pts more than Nifty 100 and 0.7 pts more than its Heavy Electrical Equipment peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-3.2

10m

-4.2

15m

-3.6

30m

-2.4

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+2.2+0.7+1.5+1.5+0.7

Next day

+2.7+1.0+1.8+4.1-1.4

+2.3pendingpending+3.5-1.2

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15d

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UpDownMarket · Nifty 100Sector · Heavy Electrical Equipment peers, median of 34Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

CARE Ratings reported that CG Power used Rs 157.74 crore of its Rs 3,000 crore QIP proceeds in the September 2026 quarter, mainly for its power transformer plant. Total use reached Rs 660.39 crore, leaving Rs 2,339.61 crore unspent, mainly in bank deposits. There were no deviations, no change in financing and no delays in the stated objects.

Likely market impact

Neutral for now: fund use is on plan, but most QIP money is still unspent and parked in deposits.