CG Power Approves Capacity Expansion, Designates New Senior Management
CG Power's Board approved unaudited Q2 FY27 results. Mr. Rajat Shah and Mr. Rushikesh Kulkarni were designated Senior Management Personnel. The company approved a ₹68 Crore capacity expansion for its Power Transformer facility and significant CAPEX for switchgear facilities, including ₹300 Crores for OIP bushings and instrument transformers.
The capacity expansion for both power transformers and switchgear facilities, along with the designation of new senior management, are material developments that will significantly impact the company's future operations and market position.
The company is reporting positive financial results and approving significant capacity expansions, indicating growth and future potential.
CG Power and Industrial Solutions Limited announced the outcome of its Board Meeting held on Friday, October 23, 2026. The Board approved the unaudited financial results for the second quarter and half-year ended September 30, 2026, on both standalone and consolidated bases.
In addition, the Board designated Mr. Rajat Shah, Vice President - Services, and Mr. Rushikesh Kulkarni, Chief Growth & Innovation Officer - Industrial Business, as Senior Management Personnel, effective October 23, 2026.
The company also approved significant capacity expansions for its manufacturing facilities. The Power Transformer facility (T3 - Division) will see an enhancement of 10,000 MVA with an estimated investment of ₹68 Crores, expected to be completed within 12-15 months. This expansion aims to meet growing market demand and strengthen the division's competitive position.
Further, the Board approved capital expenditure projects for switchgear facilities. An investment of approximately ₹300 Crores is planned for the S1 Unit (OIP) in Ambad to enhance manufacturing capacity of OIP bushings and instrument transformers up to 800 kV by 4236 equivalent units per year, with production tentatively expected within 30-36 months. An additional investment of approximately ₹15.31 Crores was approved for the S3 Unit-II Phase 2 to enhance EHV circuit breaker manufacturing capacity by 3600 units annually, expected to be completed within 6-9 months. The Capex investment for the GIS brownfield project at Vilholi, Nashik, was also enhanced from ₹35.17 Crores to ₹44.62 Crores, an additional investment of ₹9.45 Crores, to procure an 800 kV high-voltage testing system. These investments are part of the greenfield initiatives for the switchgear business.
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CG Power and Industrial Solutions Limited filed this with the NSE as a statutory disclosure, categorised under board meeting. It is a primary document, not a recommendation, and the desk marks it high impact, which is the band that most often changes something.
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