CG Power and Industrial Solutions Limited has informed the Exchange about General Updates
CGPOWER · price
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Awaiting price reaction for this filing.
CG Power has received a 99-year lease from MP Industrial Development Corporation (MPIDC) for approximately 45.13 acres of undeveloped land in Village Jahangirpura, Tehsil Sehore, Madhya Pradesh. This land is for setting up the company's previously announced greenfield transformer manufacturing plant with a capacity of 45,000 MVA. The project was originally approved by the Board on January 28, 2025. With land now secured, the company can move forward with the next stages of the project.
Positive for long-term growth as this advances CG Power's capacity expansion in the transformer segment, but no immediate impact on near-term earnings since the plant is still in the development stage.