CG Power Approves Q2 Results, Capacity Expansion of ₹103 Cr, Designates New Senior Management
CG Power reported its Q2 FY27 results. The company approved significant capacity expansions totaling ₹103.45 Crores across its Power Transformer and Switchgear facilities. Additionally, Rajat Shah and Rushikesh Kulkarni were appointed as Senior Management Personnel.
The approval of substantial capital expenditure for capacity expansion across multiple facilities is a significant strategic move that is expected to drive future growth and strengthen the company's market position. The financial results also show a positive trend.
The company reported positive financial results and approved significant capacity expansions, indicating growth and future potential. The designation of new senior management personnel also suggests strengthening of the leadership team.
CG Power and Industrial Solutions Limited announced the outcome of its Board Meeting held on 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 a significant move, the company 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 Board also approved capacity expansion projects. 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. Additionally, brownfield/CAPEX expansion for Switchgear facilities includes an investment of approximately ₹300 Crores for the S1 Unit (OIP) to enhance manufacturing capacity up to 800 kV, with production tentatively expected within 30-36 months. Further investment of approximately ₹15.31 Crores has been approved for the S3 Unit-II Phase 2 to enhance EHV circuit breaker manufacturing capacity by 3600 units annually, planned for completion within 6-9 months. The GIS Division at Vilholi will see an enhanced Capex investment from ₹35.17 Crores to ₹44.62 Crores, an additional investment of ₹9.45 Crores, to procure an 800 kV high-voltage testing system.
The Board meeting commenced at 11:40 a.m. (IST) and concluded at 2:05 p.m. (IST).
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CG Power and Industrial Solutions Limited filed this with the NSE as a statutory disclosure, categorised under quarterly results. 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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