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2025-08-29 11:34:48 am | Source: Accord Fintech
CG Power soars as its arm launches India`s first OSAT facility in Gujarat
CG Power soars as its arm launches India`s first OSAT facility in Gujarat

CG Power and Industrial Solutions is currently trading at Rs. 685.75, up by 22.10 points or 3.33% from its previous closing of Rs. 663.65 on the BSE.

The scrip opened at Rs. 688.95 and has touched a high and low of Rs. 688.95 and Rs. 668.20 respectively. So far 341424 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. 518.35 on 07-Apr-2025.

Last one week high and low of the scrip stood at Rs. 688.95 and Rs. 659.00 respectively. The current market cap of the company is Rs. 107261.99 crore.

The promoters holding in the company stood at 58.05%, while Institutions and Non-Institutions held 26.90% and 15.04% respectively.

CG Power and Industrial Solutions’ subsidiary -- CG Semi has launched its first Outsourced Semiconductor Assembly and Test (OSAT) facility in Sanand, Gujarat. With this launch, CG Semi becomes one of India’s first full-service OSAT providers, offering solutions across both traditional and advanced packaging technologies.

This marks a major step in strengthening India’s semiconductor capabilities and supporting the country’s goal of becoming self-reliant while also serving global markets. Backed by central and state government support, and in collaboration with Renesas and Stars Microelectronics, CG Semi is investing over Rs 7,600 crore (around $870 million) over five years to develop two state-of-the-art facilities (G1 and G2) in Sanand, Gujarat.

The G1 facility, inaugurated on August 28,2025 will operate at a peak capacity of approximately 0.5 million units per day. It is equipped to handle end-to-end chip assembly, packaging, testing, and posttest services. The facility features high-yield equipment, a cutting-edge Manufacturing Execution System (MES) for Level 1 automation and traceability, and in-house labs for reliability and failure analysis. It is currently undergoing ISO 9001 and IATF 16949 certification.

Customer qualification runs across various packages will begin following the inauguration. CG Semi is on track to commence commercial production in calendar year 2026, as committed to ISM. Located about 3 km from G1, the G2 facility is under construction and expected to be completed by the end of calendar year 2026. Once operational, G2 will scale up to a capacity of approximately 14.5 million units per day. Together, the two facilities are projected to generate over 5,000 direct and indirect jobs in the coming years.

With this launch, CG Semi is poised to play a pivotal role in advancing India’s Atmanirbhar Bharat vision and strengthening the nation’s semiconductor ecosystem.

CG Power and Industrial Solutions is an engineering conglomerate with an impressive and diverse portfolio of products, solutions and services for Power and Industrial equipment and solutions, addressing myriad needs.

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