Electrical equipment stock jumps 3% after receiving order for servicing of railway products for Vande Bharat TrainsetsElectrical equipment stock jumps 3% after receiving order for servicing of railway products for Vande Bharat Trainsets

Introduction:

Leading Electrical equipment manufacturer has secured a significant order worth ₹400-450 crore for supplying and servicing railway products for 10 Vande Bharat trainsets. The agreement includes propulsion kits, motors, transformers, and a separate 35-year service order, strengthening its railway industry presence.

Also Read: Waste management stock hits 5% upper circuit after receiving order worth ₹20 Cr from Amdavad Municipal Corp.

Share price movement of CG Power:

On March 11, 2025, CG Power and Industrial Solutions Ltd opened at ₹590.95, down 0.79% from its previous close of ₹595.65. The stock reached a high of ₹613.00 (2.91%) and a low of ₹583.25. By 4:00 PM, it traded at ₹607.55 with a market cap of ₹92,886.46 crore.

CG Power Secures Major Railway Order for Vande Bharat Trainsets:

CG Power and Industrial Solutions Ltd (NSE: CGPOWER) has secured a significant order worth ₹400-450 crore for supplying and servicing railway products for 10 Vande Bharat trainsets. The company signed a long-term supply agreement with Kinet Railway Solutions Limited.

As part of the agreement, CG Power will provide propulsion kits, motors, transformers, and other railway components. Additionally, a separate 35-year service order is included, reinforcing the company’s expertise in the railway industry with a diverse portfolio of traction and signaling systems.

With over 86 years of industry leadership, CG Power continues to expand its footprint in railway technology. The company has recently ventured into the Train Collision Avoidance System (TCAS) domain, further strengthening its role in India’s railway modernization efforts.

Recent news on CG Power:

As of February 01, 2025, CG Power and Industrial Solutions Ltd reported a 68% decline in consolidated net profit to ₹237.85 crore in Q3 FY25, impacted by adjusted earnings from discontinued operations, while profit from continuing operations rose 21% year-on-year.

Stock performance of CG Power for Period of 1 week, 6 months, and 1 year:

CG Power and Industrial Solutions Ltd recorded a 1.08% decline over the past week and an 18.2% drop in six months. However, the stock showed strong long-term growth, delivering a 27.1% return over the past year.

Also Read: Bajaj group stock jumps after it acquires 49% stake in Vishal Personal Care

Shareholding pattern of CG Power:

Particulars	Dec 2024	Sep 2024	Jun 2024
Promoter	58.10%	58.10%	58.10%
FII	14.30%	14.60%	14.60%
DII	11.90%	11.40%	11.10%
Public	15.70%	15.90%	16.20%

About CG Power:

CG Power & Industrial Solutions Ltd (NSE: CGPOWER) is a global enterprise offering end-to-end solutions for efficient and sustainable electrical energy management. It operates in two key segments: Power Systems and Industrial Systems, serving utilities, industries, and consumers.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.