CG Power and Industrial Solutions Limited has informed the Exchange regarding a press release dated August 11, 2025, titled "Press Release issued by CG DE SUB LLC, a wholly owned step down subsidiary of the Company.".
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Awaiting price reaction for this filing.
CG Power's US step-down subsidiary, CG DE SUB LLC (CG USA), has signed an agreement with Flanders Electric Motors Service, LLC to tap into the US railway traction motor replacement and refurbishment market. The US rail network spans about 140,000 miles, roughly three times the size of Indian Railways, with demand dominated by Class I railroads. Flanders brings local service capabilities, faster turnaround, and US-based repair infrastructure, while CG contributes over 80 years of global railway expertise. The partnership targets scaling into US rail markets but does not disclose any specific order value, revenue projection, or timeline. CG Power's consolidated FY25 revenue was Rs. 9,909 crores (USD 1,146 million).
Sentiment-positive for shareholders as the move opens a large new geography for CG's railway business, but with no disclosed deal size or revenue contribution, near-term financial impact is limited and stock reaction will likely depend on follow-up order announcements.