CG Power Approves Q2 Results, Capacity Expansions Worth ₹415 Crore
CG Power reported its Q2 FY27 results. The company approved capacity expansions worth ₹415 Crore across its Power Transformer and Switchgear facilities. Rajat Shah and Rushikesh Kulkarni were designated as Senior Management Personnel.
The approved capital expenditures are substantial and targeted at increasing manufacturing capacity for key product lines, which is expected to significantly boost future revenue and market position.
The company has reported financial results and announced significant capacity expansions and key management designations, indicating growth and positive development.
CG Power and Industrial Solutions Limited announced its unaudited financial results for the second quarter and half year ended September 30, 2026. The Board of Directors also approved significant capacity expansions for its Power Transformer facility (T3 Division) and Switchgear facilities.
The company will invest ₹68 Crores in the Power Transformer facility to enhance capacity by 10,000 MVA, with completion expected within 12-15 months. Additionally, for its Switchgear facilities, CG Power approved a ₹300 Crores investment to enhance OIP bushings and instrument transformers manufacturing capacity up to 800 kV at the S1 Unit (OIP), Ambad. This project is expected to commence production within 30-36 months. Further, an 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, with completion in 6-9 months. The GIS Division at Vilholi will see an enhanced Capex investment from ₹35.17 Crores to ₹44.62 Crores for an 800 kV high-voltage testing system.
In personnel changes, Mr. Rajat Shah, Vice President - Services, and Mr. Rushikesh Kulkarni, Chief Growth & Innovation Officer - Industrial Business, have been designated as Senior Management Personnel effective October 23, 2026.
The Board meeting commenced at 11:40 a.m. (IST) and concluded at 2:05 p.m. (IST) on Friday, October 23, 2026.
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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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See the model portfoliosA plain-language summary of a public exchange filing by CG Power and Industrial Solutions Limited. Read the original for the full detail.