CG Power and Industrial Solutions Limited has approved plans to establish a new greenfield switchgear manufacturing facility in Western India. The project, valued at approximately INR 7.48 billion, will be developed on a 35-acre site with a built-up area of about 72,000 square metres and is expected to be completed within 33 months.
The proposed facility will double the company’s existing switchgear manufacturing capacity and cover the complete product range, including medium-voltage and extra-high-voltage switchgear, substation automation systems, and power electronics solutions. The investment will be financed through a mix of internal accruals, equity, or debt, or a combination of these sources.
The expansion aims to address capacity constraints and strengthen CG Power’s market position in both domestic and export segments. The project is also intended to enhance competitiveness in automation and power electronics while contributing to the development of India’s power infrastructure.
For the quarter ended 30 September 2025, the company reported consolidated revenue from operations of INR 29.23 billion and a profit after tax of INR 2.84 billion. Total expenses stood at INR 26.01 billion, resulting in a profit before tax of INR 3.88 billion. On a standalone basis, revenue was INR 26.49 billion, with a net profit of INR 3.07 billion for the same period.
During the quarter, CG Power also raised INR 30 billion through a Qualified Institutional Placement (QIP) of 45.45 million equity shares at an issue price of INR 660 per share. The company stated that the proceeds have been allocated toward approved investment objectives, with any unutilised funds held in fixed deposits and mutual funds.
CG Power and Industrial Solutions Limited, part of the Murugappa Group, manufactures power systems, industrial systems, and automation equipment serving utilities, industries, and infrastructure sectors globally.