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CG Power & Industrial Solutions Ltd News

Defence, rail shares under pressure; HAL, Siemens, ABB down up to 7%

Defence, railways stocks in focus: In the past one month, most of these stocks had hit their respective record highs

Defence, rail shares under pressure; HAL, Siemens, ABB down up to 7%
Updated On : 18 Jul 2024 | 2:52 PM IST

Amar Kaul appointed as MD & CEO of CG Power for a period of five years

Kaul has over 30 years of total work experience, 12 years of which has been overseas experience

Amar Kaul appointed as MD & CEO of CG Power for a period of five years
Updated On : 08 Jul 2024 | 7:11 PM IST

CG Power, K Raheja Corp ink agreement to develop Mumbai land; stock up 8%

The developer has to complete the entire construction and development of the 'new building'; the company and the developer shall be entitled to an equal share, i.e., 50% in the new building.

CG Power, K Raheja Corp ink agreement to develop Mumbai land; stock up 8%
Updated On : 05 Jul 2024 | 12:54 PM IST

Power stocks dip up to 19% on June 4; Adani Green, Adani Energy top losers

At 10:16 AM, all constituents of the BSE Power Index were trading in negative territory

Power stocks dip up to 19% on June 4; Adani Green, Adani Energy top losers
Updated On : 04 Jun 2024 | 10:42 AM IST

Capital goods soars 6%, records sharpest intra-day rally since March 2020

Bharat Electronics, Larsen & Toubro, Hindustan Aeronautics, CG Power, Bharat Heavy Electricals and Schaeffler India have rallied between 7% and 9% in intra-day trade

Capital goods soars 6%, records sharpest intra-day rally since March 2020
Updated On : 03 Jun 2024 | 11:51 AM IST

This Murugappa Group stock hit Rs 1-trn m-cap; zoomed 108 times in 4 years

CG Power stock up date: CG Power hit a new high of Rs 669.05, as they rallied 6% on the BSE in Friday's intra-day trade and saw its market capitalisation touch Rs 1.02 trillion mark.

This Murugappa Group stock hit Rs 1-trn m-cap; zoomed 108 times in 4 years
Updated On : 17 May 2024 | 10:58 AM IST

Capital Goods index hits record high; Thermax, CG Power rally up to 14%

In the past six months, the BSE Capital Goods index has outperformed the market by surging 31%, as against a 11% rally in the S&P BSE Sensex.

Capital Goods index hits record high; Thermax, CG Power rally up to 14%
Updated On : 15 May 2024 | 11:20 AM IST

CG Power zooms 6%, hits 52-week high on decent rise in Q4 revenues

The company registered standalone profit after tax (PAT) of Rs 240.59 crore for Q4FY24, slightly higher than Rs 240.23 crore from the corresponding period last year

CG Power zooms 6%, hits 52-week high on decent rise in Q4 revenues
Updated On : 07 May 2024 | 10:51 AM IST

CG Power and Industrial Solutions Q4 results: Profit dips 10% to Rs 234 cr

CG Power and Industrial Solutions on Monday reported 10 per cent dip in consolidated net profit to Rs 234 crore for March quarter FY24, mainly due to higher expenses. Its net profit (from continuing operations) was Rs 260 crore in the quarter ended March 31, 2023, a regulatory filing said. Total income rose to Rs 2,239.83 crore from Rs 1,917.05 crore in the year-ago period. Total expenses also surged to Rs 1,932.80 crore from Rs 1,654.63 crore in the same period a year ago. However, consolidated net profit (from continuing operations) rose to Rs 871 crore in fiscal 2023-24 from Rs 796 crore in 2022-23. Total income in the fiscal increased to Rs 8,152.24 crore from Rs 7,040.30 crore a year ago. The results include the performance of the operating subsidiaries in Sweden, Germany and the Netherlands (Drives and Automation Europe), CG Adhesives Products Ltd (India), CG Semi Pvt Ltd (India) and other non-operating and holding subsidiaries. The company is an engineering conglomerate w

CG Power and Industrial Solutions Q4 results: Profit dips 10% to Rs 234 cr
Updated On : 06 May 2024 | 4:01 PM IST

Stocks to Watch today: TaMo, Axis Bank, RIL, Muthoot Microfin, auto shares

Stocks to watch on Tuesday, April 09, 2024: Tata Motors JLR sales rose 11% in Q4; Bain Capital to sell balance stake in Axis Bank; FADA warns of slower retail auto sales.

Stocks to Watch today: TaMo, Axis Bank, RIL, Muthoot Microfin, auto shares
Updated On : 09 Apr 2024 | 7:27 AM IST

This electrical equipment stock has catapulted over 8000% in 4 years

The joint venture between CG Power, Renesas Electronics Corp and Stars Microelectronics (Thailand) will set up an outsourced semiconductor assembly and test (OSAT) facility in India

This electrical equipment stock has catapulted over 8000% in 4 years
Updated On : 20 Mar 2024 | 12:08 PM IST

Gujarat allots 188 acres for Tata group, CG Power semiconductor plants

Ground-breaking likely on Mar 13; incentives form 70% of project cost

Gujarat allots 188 acres for Tata group, CG Power semiconductor plants
Updated On : 07 Mar 2024 | 11:53 PM IST

CG Power to form JV with 2 foreign entities for OSAT facility in India

Murugappa Group company CG Power and Industrial Solutions has signed an agreement with two foreign entities to set up an Outsourced Semiconductor Assembly and Test facility and plans to invest Rs 7,600 core in India over five years. The two entities are Renesas which is a leading semiconductor company headquartered in Japan and Stars Microelectronics, a Thailand-based Outsourced Semiconductor Assembly and Test (OSAT) provider, CG Power and Industrial Solutions (CG) said in an exchange filing on Friday. "CG, a part of Tube Investments of India Limited and the Murugappa Group, Renesas Electronics Corporation (Renesas) and Stars Microelectronics (Thailand) Public Co. Ltd (Stars Microelectronics) recently signed a Joint Venture Agreement (JVA) to establish a Joint Venture (JV) to build and operate an OSAT facility in India," the filing said. The JV will be 92.3 per cent owned by CG, with Renesas and Stars Microelectronics each holding equity capital of approximately 6.8 per cent and 0.9

CG Power to form JV with 2 foreign entities for OSAT facility in India
Updated On : 01 Mar 2024 | 10:57 PM IST

CG Power JV to invest Rs 7600 cr in Gujarat semiconductor facility

Facility will be financed through a mix of subsidies, equity and potential bank borrowings

CG Power JV to invest Rs 7600 cr in Gujarat semiconductor facility
Updated On : 01 Mar 2024 | 12:39 PM IST

CG Power surges 11% as JV to set up Rs 7,600-cr semiconductor unit

The Cabinet, on Thursday, approved the setting up of three semiconductor plants including CG India's. The construction of these plants will start in the next 100 days

CG Power surges 11% as JV to set up Rs 7,600-cr semiconductor unit
Updated On : 01 Mar 2024 | 9:43 AM IST

NTPC, Gail: How to trade these 5 stocks that turned ex-dividend this week?

As many as 49 stocks turned ex-dividend on the bourses this week. Here's a quick chart check on select five among them.

NTPC, Gail: How to trade these 5 stocks that turned ex-dividend this week?
Updated On : 09 Feb 2024 | 12:38 PM IST

CG Power and Industrial reports Q3 standalone PAT at Rs 216.47 crore

CG Power and Industrial Solutions Ltd has reported a standalone profit after tax of Rs 216.47 crore for the October-December 2023 quarter, the company said in a statement on Wednesday. The company's standalone PAT for the corresponding quarter of last financial year was Rs 242.75 crore. For the nine months ending on December 31, 2023, the company's standalone PAT grew to Rs 763.77 crore from Rs 545.13 crore registered during the same period of last year, the Murugappa Group company said in the statement. During the quarter under review, the company realised that there was a weak demand for motors and took a strategic call to sell aggressively to retain their customers and protect its turf. This strategy had an effect of margins dipping on one hand while simultaneously helping gain a market share on the other, the company said. The standalone total income during the quarter under review went up to Rs 1,914.86 crore from Rs 1,680.30 crore registered in the corresponding period of the

CG Power and Industrial reports Q3 standalone PAT at Rs 216.47 crore
Updated On : 24 Jan 2024 | 12:23 PM IST

CG Power and Industrial Solutions Q3 net profit falls 15% to Rs 197 crore

CG Power and Industrial Solutions on Tuesday reported a 15.45 per cent decline in its consolidated net profit to Rs 197 crore in the December quarter, as the company had an exceptional income in the year-ago period . The company's consolidated net profit (from continuing operations) was Rs 233 crore a year ago, according to a regulatory filing. The company said there was an exceptional income of about Rs 31 crore in the quarter ended on December 31, 2022, while there was no such adjustment in the same period of 2023. Total income rose to Rs 2,006.79 crore in the third quarter from Rs 1,787.01 crore a year ago. The company's consolidated results include the performance of the operating subsidiaries in Sweden, Germany and the Netherlands (drives and automation Europe), CG Adhesives Products Ltd. (India) and other non-operating and holding subsidiaries, the filing said. In a meeting held on Tuesday, the company's board approved the payment of an interim dividend of Rs 1.30 per equity

CG Power and Industrial Solutions Q3 net profit falls 15% to Rs 197 crore
Updated On : 23 Jan 2024 | 5:39 PM IST