CG Power and Industrial Solutions Ltd to expand manufacturing capacity

The Board of Directors of CG Power and Industrial Solutions Limited have approved a proposal to expand the manufacturing capacity of Power Transformers and Distribution Transformers units of the Company at its plants at Malanpur and Bhopal at an investment of Rs.126 crore. The proposed expansion would increase the capacity from 17,000 MVA to 25,000 MVA for Power Transformer and from 6,900 MVA to 9,900 MVA for Distribution Transformers. The current capacity utilization is around 65%. The expansion project is expected to be implemented within a period of 15 months and will be funded through internal accruals. The expansion is proposed considering the expected increase in demand for Transformers.

Shares of CG Power and Industrial Solutions Limited was last trading in BSE at Rs. 300.50 as compared to the previous close of Rs. 299.25. The total number of shares traded during the day was 196656 in over 5105 trades.

The stock hit an intraday high of Rs. 311.75 and intraday low of 296.90. The net turnover during the day was Rs. 59617176.00.

Source : Equity Bulls

Keywords

CGPowerandIndustrialSolutions INE067A01029 Expansion ManufacturingCapacity