CG Power and Industrial Solutions Ltd
NSE:CGPOWER
CG Power and Industrial Solutions Ltd
In the bustling avenues of Mumbai, CG Power and Industrial Solutions Ltd. stands as a storied entity with roots tracing back to 1937, originally known as Crompton Greaves. Over the decades, it has evolved into a powerhouse within the electrical engineering landscape of India and beyond. This company is no stranger to the twists and turns of the industrial sector, having spun its expertise around the manufacture and supply of a diversified range of products that keep the heavy-duty wheels of industry and infrastructure turning. From electric motors that drive machinery to transformers that light up cities, CG Power crafts solutions that are indispensable to residential, commercial, and industrial enterprises. Its operational prowess lies in having mastered the art of high-quality manufacturing, a portfolio that extends to power systems, automation, and an expanding reach into intelligent electronic devices.
Navigating through cycles of challenge and opportunity, CG Power makes its way in the industry by selling not just products but innovative solutions. Revenue streams flow majorly from the development and deployment of these solutions on a global scale, leveraging its robust supply chain and well-oiled distribution network. The company’s strategy focuses on harnessing technological advancements to optimize operational efficiencies and cater to an ever-growing global demand for power. With a solid foundation in India, it has extended its industrial reach across Europe, North America, and Southeast Asia, adhering to commitments of international standards and sustainability. Through strategic partnerships, healthy client relationships, and an unyielding drive for innovation, CG Power continues to play a pivotal role in shaping the world’s electrical infrastructure while broadening its horizons in the field of digital and smart grid technology.
In the bustling avenues of Mumbai, CG Power and Industrial Solutions Ltd. stands as a storied entity with roots tracing back to 1937, originally known as Crompton Greaves. Over the decades, it has evolved into a powerhouse within the electrical engineering landscape of India and beyond. This company is no stranger to the twists and turns of the industrial sector, having spun its expertise around the manufacture and supply of a diversified range of products that keep the heavy-duty wheels of industry and infrastructure turning. From electric motors that drive machinery to transformers that light up cities, CG Power crafts solutions that are indispensable to residential, commercial, and industrial enterprises. Its operational prowess lies in having mastered the art of high-quality manufacturing, a portfolio that extends to power systems, automation, and an expanding reach into intelligent electronic devices.
Navigating through cycles of challenge and opportunity, CG Power makes its way in the industry by selling not just products but innovative solutions. Revenue streams flow majorly from the development and deployment of these solutions on a global scale, leveraging its robust supply chain and well-oiled distribution network. The company’s strategy focuses on harnessing technological advancements to optimize operational efficiencies and cater to an ever-growing global demand for power. With a solid foundation in India, it has extended its industrial reach across Europe, North America, and Southeast Asia, adhering to commitments of international standards and sustainability. Through strategic partnerships, healthy client relationships, and an unyielding drive for innovation, CG Power continues to play a pivotal role in shaping the world’s electrical infrastructure while broadening its horizons in the field of digital and smart grid technology.
Record Revenue: CG Power delivered its highest-ever stand-alone quarterly revenue at INR 2,909 crores, up 22% year-over-year.
Profit Growth: Stand-alone profit before tax (PBT) before exceptional items increased by 35% YoY to INR 454 crores, with PBT margin expanding by 148 basis points to 15.6%.
Order Backlog: Unexecuted order backlog grew a strong 66% YoY to INR 14,859 crores on a stand-alone basis, signaling robust demand.
Segment Performance: Power Systems saw sales surge 44% YoY and PBIT margin rise to 21.4%, while Industrial Systems faced margin pressure from commodity costs and product mix.
Major Export Win: CG secured its largest-ever export order—INR 900 crores ($99 million) for power transformers from a major U.S. data center project, to be executed over 12–20 months.
Sustained Outlook: Management remains bullish on the multi-year growth outlook for the domestic power sector, with no signs of slowing demand through at least 2029.
Semiconductor Progress: The mini OSAT plant has begun operations with yields above expectations; the larger facility is on track to be ready by the end of 2026.
Pricing Power: The company has actively passed on commodity price increases, especially in Power Systems where price variation clauses cover inflation.
