CG Power rises as its arm secures KAVACH order from Chittaranjan Locomotive Works
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
CG Power and Industrial Solutions is currently trading at Rs. 747.60, up by 12.90 points or 1.76% from its previous closing of Rs. 734.70 on the BSE.
The scrip opened at Rs. 743.45 and has touched a high and low of Rs. 755.15 and Rs. 738.25 respectively. So far 24097 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 874.50 on 11-Oct-2024 and a 52 week low of Rs. 410.40 on 28-Nov-2023.
Last one week high and low of the scrip stood at Rs. 763.50 and Rs. 706.85 respectively. The current market cap of the company is Rs. 115312.16 crore.
The promoters holding in the company stood at 58.07%, while Institutions and Non-Institutions held 26.02% and 15.91% respectively.
CG Power and Industrial Solutions’ subsidiary -- G.G.Tronics India (GGT) has secured a prestigious KAVACH order from Chittaranjan Locomotive Works, West Bengal, Government of India. The scope of the order comprises Supply, Installation, Testing, and Commissioning of Onboard KAVACH equipment as per RDSO specifications including annual maintenance for 11 years.
The supply scope also includes complete wiring, harnessing, cabling, and connection with Loco KAVACH system. Order value is ranging between Rs 500 crore to Rs 600 crore. The execution time frame for this order will be one year.
CG Power and Industrial Solutions (formerly Crompton Greaves) is a global pioneering leader in the management and application of electrical energy.
